Zurich, Switzerland; 18 November 2025 – RULEMATCH, the interbank spot crypto trading venue designed exclusively for financial institutions, today announces that Haruko, a leading global provider of institutional digital assets technology has integrated with RULEMATCH. This means that their mutual clients can access the guaranteed liquidity available on RULEMATCH while leveraging the advanced trade capture, portfolio and risk management services as well as data insights of Haruko.
As banks and securities firms continue to build out crypto services for their institutional clients, they are increasingly turning to more sophisticated service providers to meet the necessary standards for regulated financial institutions. The partnership between RULEMATCH, with its institutional-only client base and market structure modelled on traditional finance (multi-lateral, T+1 settlement with DvP) and Haruko with its institutional end-to-end digital asset workflow, including comprehensive liquidity analysis, stress testing and exposure tracking, will help equip financial institutions for the next evolution of the market.
RULEMATCH CCO Stefan Lütolf commented, “We are very glad that Haruko has chosen to integrate with RULEMATCH and give their institutional clients access to a truly high-performant trading venue that matches the advanced technical capabilities of the Haruko platform.”
As a pure market operator, RULEMATCH acts to bring together the buying and selling interests of its participants. Its spot market currently offers a central limit order book (CLOB) with guaranteed liquidity from designated market makers for the most liquid cryptocurrencies and stablecoins, with bilateral trading for additional pairs in a separate RFQ segment.
“This partnership marks another step toward a more connected and resilient digital asset market structure. As the industry moves toward 24/7, institutional-grade trading, we see integrations like this as key to shaping the future of finance,” said Michael Lie, Global Head of Digital Assets at Flow Traders. Flow Traders is a designated market maker on the RULEMATCH trading venue.
RULEMATCH also leverages Nasdaq’s pre-trade risk, matching engine and surveillance technology to help ensure the highest standards of market integrity for its participants.
“We’re excited to partner with RULEMATCH, strengthening our commitment to delivering institutional-grade solutions that meet the evolving needs of financial institutions deploying capital in the digital asset space,” said Shamyl Malik, CEO and Co-Founder of Haruko. “Together, we’re enabling clients to manage risk with clarity, precision, and confidence.”
RULEMATCH is open to participants who are regulated financial institutions from Switzerland and equivalently regulated countries. This allows them to trade with counterparties that operate within aligned regulatory frameworks. All participants are subject to verification, ongoing trading oversight, and transfer screening, ensuring the highest standards of compliance and market integrity.
Haruko’s unified platform is available to institutional clients, allowing them to benefit from aggregated insights, actionable analytics and scalable solutions to monitor, measure and manage digital asset risk. With focus on transparency and reliability, Haruko gives institutions the confidence to make informed decisions in increasingly complex markets.
About RULEMATCH
RULEMATCH is the premiere digital asset trading venue for financial institutions. It acts as a market operator for spot trading of the most liquid cryptocurrencies vs fiat. RULEMATCH is never a counterparty in trading. Fiat funds are held in fiduciary accounts with a state-guaranteed, AA+-rated Swiss bank and cryptocurrencies are handled on fully segregated wallets. With integrated multilateral clearing and post-trade settlement, as well as institutional-grade trading technology, RULEMATCH helps provide ultra-low latency, capital efficient trading and robust market integrity. Its offices and operations are located in Zürich. Its participant network is open to banks and securities firms only and limited to select countries. RULEMATCH is not available to US-based financial institutions.
For more information, visit: rulematch.com
About Haruko
Haruko provides the most comprehensive digital asset technology 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 90 institutional clients globally using the award-winning Haruko platform to optimize their front-, middle- and back-office workflows and operational controls.
For more information on Haruko, visit: haruko.com