Haruko, a leading digital asset investment management platform, has announced a successful $6 million Series A funding round, co-led by White Star Capital's Digital Asset Fund and MMC Ventures. This investment elevates Haruko's total venture capital funding to $16 million since its inception in 2021, marking a pivotal moment in its expansion into Southeast Asia's burgeoning digital asset market.
The timing of this funding round is critical, as institutional investors increasingly seek platforms that offer secure, regulated environments for digital asset engagement. Haruko meets this demand with its industry-leading portfolio and risk management solutions, catering to a diverse clientele that includes hedge funds, family offices, and prime brokerages. The platform's expansion into Southeast Asia is a strategic move, tapping into the region's growing interest in digital asset services.
Shamyl Malik, Haruko's co-founder and CEO, reiterated the company's dedication to developing institutional-grade solutions that simplify complexity and support client revenue generation. Haruko's emphasis on in-house development and user experience has garnered acclaim, particularly among large-scale trading firms, thanks to its comprehensive coverage of exchange (CeFi), on-chain (DeFi), and over-the-counter (OTC) venues.
Investors like Sep Alavi of White Star Capital and Oliver Richards of MMC Ventures have voiced strong support for Haruko, citing its potential to equip institutions for the evolving opportunities in the digital asset space. Haruko's recognition as HFM's Most Innovative Technology Firm and HedgeWeek's Best New Solution Provider in 2023 further validates its leadership in fintech solutions for digital assets.
Haruko's platform distinguishes itself by offering seamless consolidation of positions across various venues, alongside real-time and historical pricing, risk, and P&L reporting. This functionality enhances transparency for treasury management, compliance, and financial controllership, addressing a critical need in the institutional digital asset ecosystem.
With offices in London and Singapore, and a team of seasoned professionals from both traditional finance and digital industries, Haruko is well-positioned to influence the future of digital asset management for institutional investors worldwide. The company's latest funding round not only facilitates its Southeast Asian expansion but also highlights the increasing institutional appetite for sophisticated digital asset solutions.
