Haruko raises $10m to expand institutional platform for crypto and DeFi

Rick Steves

Real-time and historical portfolio valuations, deep protocol level insights, activity monitoring and blockchain transaction automation, are all features of Haruko’s institutional-grade platform which boasts a robust security framework. 

Haruko has closed a $10 million Seed funding round to further build its one-stop shop for institutional crypto investors, enabling them to interact with crypto markets both on centralized exchanges (CeFi) and decentralized protocols (DeFi).

The fundraise was led by Portage Ventures and White Star Capital as the company brings a technology layer to connect the capital from hedge funds, crypto-native banks, credit intermediaries and fund administrators, to the blockchains.

API and dashboard to make trading seamless

Founded by Shamyl Malik, Omer Suleman, and Adam Carlile, Haruko captures a granular set of risk metrics and real-time pricing and analytics which integrate with client systems to put crypto investing right alongside more established asset classes.

Shamyl Malik, Chief Executive Officer of Haruko, said: “Over the last year, Haruko has come a long way. We have successfully brought our platform to market, providing the technology layer that brings institutional capital to the digital-assets ecosystem. We are grateful to our team of incredibly hard-working and dedicated engineers and to our strategic partners for their immense support.”

Haruko aims to solve the longstanding issue of unfamiliar and unreliable technology as a major barrier to entry for institutional participants. The firm bridges this gap with a platform that provides both a sophisticated but easy to use API and a convenient dashboard enabling institutional investors to easily interact with crypto markets.

The fintech’s DeFi offering ensures reliable data on pricing and tools to accurately value diverse portfolios across protocols as it not only unifies and normalises the technology lift for institutions, but it also uncomplicates the interaction with this ecosystem, which includes yield generation.

Real-time and historical portfolio valuations, deep protocol level insights, activity monitoring and blockchain transaction automation, are all features of Haruko’s institutional-grade platform which boasts a robust security framework.

Stephanie Choo, Partner at Portage Ventures, said: “Many current solutions require a level of trust that institutions can’t afford to give. We believe Haruko has successfully combined financial and technology expertise to engineer institutional-grade services that put crypto trading on par with other asset classes. We conducted extensive research for a portfolio management system alongside several crypto-hedge funds and found Haruko to be the best product for CeFi and DeFi valuations in one fully integrated platform.”

Sep Alavi, General Partner at White Star Capital, commented: “Haruko’s founders are traders and technologists with deep expertise in traditional and crypto markets. Having dealt with exchanges and protocols deploying institutional capital, the team is acutely aware of the pain points and the opportunity to eliminate them through the Haruko platform. We look forward to supporting the team as they bring transparency and accuracy to the crypto capital markets and make it accessible to more investors.”

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