The crypto ecosystem shows enormous promise as the breeding ground for game-changing 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 but easy-to-use API and a convenient dashboard enabling institutional investors to easily interact with crypto markets is London-based Haruko.
The startup bringing an institutional-grade technology layer to connect capital to the blockchains, has now closed a $10 million funding. The seed round was led by Portage Ventures and White Star Capital.
Founded by Adam Carlile, Omer Suleman and Shamyl Malik, the startup powers institutional access to digital assets globally. Its platform enables large institutions to interact with crypto markets both on centralised exchanges (CeFi) and decentralised 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-assets ecosystem.”
Stephanie Choo, partner, 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.”
The platform has a growing list of sophisticated institutional clients and market participants relying on the platform for its ease of use, normalised connectivity across CeFi exchanges and DeFi protocols.