We are excited to share our latest Haruko newsletter with you.
After subdued February activity, the digital asset markets showed a notable pick-up in both volume and performance through the end of March. We saw Bitcoin and Ethereum record gains of 23% and 14% respectively, generating an impressive 72% and 52% return in Q1 2023. This is particularly impressive, in light of the rising US Fed funds rate and persistent regulatory digital asset headwinds.
The rally was very much led by a “flight-to-Bitcoin”. The unfolding banking crisis, due to asset-liability maturity mismatch, has once again shed light on Bitcoin’s value as an alternative store of wealth through time.
This was further reinforced by the Fed’s $300bn expansion in the balance sheet and an expectation of a peak funds rate. As a result, we saw Bitcoin decouple from other risk assets with a correlation to equities declining from 58% at the start of the year to 25%. The antifragile narrative is building up.
High volatility is a mere test of an asset's resilience. What other asset can experience multiple cycles of 80%+ drawdowns and each time recover above its all-time highs, all without a centralised backer of last resort and against mounting regulatory headwinds? Resilience is the only quality that can withstand the test of time.
This is why we remain committed to building a resilient blockchain infrastructure and battle-tested digital asset management products to meet the growing demand from institutional investors. Our aim is to remove complexity and enable you to safely access growing digital asset opportunities - including Bitcoin.
Improved pricing tools
Over the past month, we have been busy enhancing your portfolio valuation and risk management tools. In your latest Haruko upgrade, we have delivered new derivative, custom asset, streaming and waterfall pricing, all seamlessly accessed via the Haruko Dashboard or via the API.
When combined, these improved pricing tools deliver you a more accurate and flexible unified portfolio and risk management platform to meet all your digital asset needs.
Real-time margin monitoring
You can now monitor your live exposure margin balances across multiple centralised exchange venues, all in one place enabling you to reduce liquidation risk and optimise your deployed capital.
Use Haruko to stay on top of your margin balance, initial margin and maintenance margin ratios that are now available per account and at summary level. Initially supported venues include OKX, Binance, Bybit, Deribit, DyDx and Huobi, with more to come.
We are also testing live alerts over Telegram, Slack and WebSocket to deliver 24/7 margin balance notifications. We hope to make this available to you in the coming weeks. Stay tuned.
New blockchain integrations
Over the past few weeks we have invested significant time in extending our blockchain connectivity – giving you access to cutting-edge Layer 1 and 2 blockchains and native protocols that help you stay on top of the game.
In a rapidly evolving digital asset landscape, speed of access to new opportunities is paramount. Our focus is to enable this access all from your unified Haruko platform, delivering reliable and comprehensive coverage. Expect to see new exciting integrations soon in addition to the comprehensive list below.
We hope these new features and integration improvements will make it even easier to stay on top of your digital asset exposure and risk, accessed in real-time and all in one place.
We are excited to share that we are part of the CryptoUK community.
CryptoUK represents businesses across the crypto asset industry who seek to share best practice, respond to industry developments and help inform regulators and policymakers of the benefits of the industry.
We both share a mission of increasing digital asset adoption in a safe and prudent manner, focusing on education, regulatory framework and provision of best-in-class risk management tools.
Join us at AIM Summit
We are excited to share that we will be attending the upcoming Alternative Investment Management (AIM) Summit in London.
If you are thinking about accessing digital asset opportunities or looking for an institutional-grade risk management solution, we would love to meet you at the event.
You can use the below link to connect with us.
Our coverage is growing
With our coverage of venues and protocols ever-expanding, we thought it would be useful to have it all in one single, accessible space.
Check out our Coverage Map
We're updating the list on a regular basis and recent additions include
· Cosmos Hub
· Terra 2.0
Can't see a blockchain, protocol or venue you're using? Reach out to your dedicated support team to find the best solution for you and your portfolio.
Don't forget, you can use our DeFi synthetic accounts to add any protocols we're currently not listing to complete your risk view.
Join our community to stay ahead of the pack
Why is DeFi risk taxonomy so important? Having a well-structured and comprehensive one in place helps us identify and categorise potential challenges. See some of the financial, technical and operational risks we have identified.
Expand your knowledge about the digital asset ecosystem. Explore our Digital Asset Knowledge Portal which we have specifically created for our community.
Curious to know more about OTC and loan booking tools? Read about how our synthetic accounts help you manage these risks and challenges.