Vertex Protocol, one of the fastest-growing decentralized exchanges (DEXs), announced today that it has partnered with Haruko, a leading provider of digital asset infrastructure solutions for institutions, to offer enhanced risk and portfolio management for institutional digital asset traders.
This integration enables mutual clients of each to gain real-time, direct access to their trading activity and portfolio exposure for assets trading on Vertex Protocol. This also enables institutions with positions across multiple trading venues to see an aggregated view across their whole portfolio, allowing them to quickly assess risk and also have access to current and historical pricing, risk, and P&L reporting.
“Coming from an institutional background myself, I know the value of having a holistic, portfolio-wide view of all assets,” said Vertex Protocol co-founder Darius Tabatabai. “This enables more effective and efficient risk management and trading, and eliminates yet another pain point for institutions engaging with Web3 exchanges such as Vertex.”
"We are thrilled to partner with Vertex and integrate their innovative decentralized exchange capabilities into our comprehensive suite of portfolio and risk management solutions,” said Shamyl Malik, CEO and co-founder of Haruko. “This partnership empowers our clients to effectively monitor on-chain exposures and risk, further enriching our institutional DeFi offerings.”
Since launching in April, 2023, Vertex Protocol has quickly become one of the fastest-growing DEXs in operation. The venue has vaulted ahead of the competition, rising to second-place in terms of daily volume on most days, and has begun to surpass all DEXs to have the most trading volume on a number of days in the past month. Total cumulative volume has doubled in successive months, and total value locked (TVL) has more than quadrupled since October alone.
About Vertex Protocol
Vertex Protocol was established by a team of traders and engineers with a track record of business building in both TradFi and DeFi markets. They saw the latent market need for users to interact with DeFi in a more flexible way and decided to leverage the growing ecosystem on the Arbirtrum blockchain to bring a trading protocol to market. Today, they are excited to be at the forefront of smart contract and market innovation for Arbitrum and to help partner with some of the most exciting names in crypto to build a DeFi protocol that works for all users.
To learn more about Vertex Protocol, please visit www.vertexprotocol.com and/or go to the following:
Discord community: https://discord.gg/xRdut3NyG3
Haruko provides the most comprehensive digital asset infrastructure solution for institutions deploying capital across the digital asset ecosystem. Seamless consolidation of positions across exchanges, on-chain and OTC activity with access to real-time and historical pricing, risk and P&L reporting provides the transparency needed for effective treasury management, compliance, investor reporting and financial controllership functions.
Haruko has an experienced team of TradFi and digital industry veterans located across Europe and Asia supporting more than 45 institutional clients globally using Haruko to optimize their front-, middle- and back-office workflows and operational controls.