Bringing transparency to crypto capital markets nets London-based Haruko $10 million
The crypto ecosystem holds tremendous promise as fertile ground for breakthrough innovation. While institutional capital is increasingly convinced of the opportunity, unfamiliar and unreliable technology remains a major barrier to entry. Bridging this gap with a platform that provides both a sophisticated yet easy-to-use API and a convenient dashboard for institutional investors to easily interact with the crypto markets is based in London Haruko.
The startup bringing an institutional-grade technology layer to connect capital to blockchains, has now closed a $10 million funding round. The selection round was led by Portage Companies and White Star Capital.
Founded by Adam Carlile, Omer Sulman and Shamyl Malik, the startup powers institutional access to digital assets globally. Its platform allows large institutions to interact with crypto markets on both centralized exchanges (CeFi) and decentralized protocols (DeFi).
Shamyl Malik, Co-Founder and CEO of Haruko, said, “We have successfully brought our platform to market, providing the technology layer that brings institutional capital to the digital asset ecosystem.
Stephanie Chou, a partner at Portage Ventures, said, “Many of today’s solutions require a level of trust that institutions can’t afford. We believe Haruko has successfully combined his financial and technological expertise to design institutional-grade services that put crypto trading on a par with other asset classes.
The platform has a growing list of sophisticated institutional clients and market participants who rely on the platform for its ease of use, standardized connectivity between CeFi exchanges and DeFi protocols.