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Digital asset investment management platform Haruko has announced a $6 million funding round to fuel its expansion into Southeast Asia. The move comes amid a surge in institutional interest in the region for digital assets, highlighting the growing maturity of the market.
The funding round, which brings its total funds raised to $16 million, is co-led by White Star Capital’s Digital Asset Fund and MMC Ventures, and will be used to expand Haruko’s team, invest in product development, and strengthen its market position in Southeast Asia, according to an announcement on Tuesday.
Founded in 2021, Haruko boasts a client base of over 50 investment management institutions across North America and Europe, and has seen significant traction with hedge funds, family offices, and market makers. Its platform offers a comprehensive suite of portfolio and risk management solutions tailored for the complexities of digital asset investing. It also has notably high adoption among large-scale trading firms owing to its unparalleled depth of functionality, comprehensive exchange (CeFi), on-chain (DeFi) and over-the-counter (OTC) venue coverage and multi-product support, the firm noted.
The company’s expansion into Southeast Asia is a strategic move, as the region emerges as a hotbed for digital asset activity. Singapore, in particular, has positioned itself as a global crypto hub, attracting both institutional and retail investors. Haruko’s presence in the region will allow it to capitalize on this growing market and provide essential infrastructure for institutional players looking to gain exposure to digital assets, the announcement said.
“Haruko is laser-focused on building institutional-grade solutions for the future of the investment industry and providing a white-glove service to exceed our clients’ expectations consistently,” Shamyl Malik, co-founder and CEO of Haruko, said in a statement.
