Haruko Partners With Kalshi to Enhance Risk and Portfolio Management for Perpetual Futures

Rhea-AI Summary

Galaxy (GLXY) is highlighting Haruko's integration with Kalshi's perpetual futures exchange, enabled by CFTC approval of Kalshi's BTCPERP contract on 29 May 2026. Haruko clients, including Galaxy, can now manage Kalshi perpetual futures within a single, real-time risk and performance framework alongside wider multi-asset portfolios.

Positive

• CFTC-approved Kalshi BTCPERP contract creates regulated US market access for perpetual futures
• Haruko integration lets institutions manage Kalshi perpetuals in a single consolidated risk platform
• Perpetual futures offshore volume grew from $28T in 2023 to over $90T in 2025

Negative

• None.

News Market Reaction – GLXY

+0.81%

6 alerts

+0.81% Session close to close

$13.01B Market Cap

0.0x Rel. Volume

In the Jun 15 session, GLXY gained 0.81%, reflecting a mild positive market reaction. Our momentum scanner triggered 6 alerts that day, indicating moderate trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights Galaxy’s role in connecting institutional investors to regulated digita...

Analysis

This announcement highlights Galaxy’s role in connecting institutional investors to regulated digital-asset infrastructure by enabling Haruko clients to manage Kalshi perpetual futures within consolidated risk systems. It builds on prior partnerships that historically produced moderate positive reactions of about 3.37%. Investors may focus on how much volume and client activity this channel ultimately drives, while also monitoring potential equity issuance under the effective $500,000,000 at-the-market program.

Key Figures

Offshore perp volume 2023: $28 trillion Offshore perp volume 2025: $90 trillion BTCPERP approval date: May 29, 2026 +4 more

7 metrics

Offshore perp volume 2023 $28 trillion Annual offshore perpetual futures volume in 2023

Offshore perp volume 2025 $90 trillion Annual offshore perpetual futures volume in 2025

BTCPERP approval date May 29, 2026 CFTC approval of Kalshi’s BTCPERP contract

Commission Regulation 40.3 Regulatory path used for BTCPERP contract approval

Current share price $33.36 Pre-news price for GLXY on publication day

52-week range $16.43 – $45.92 GLXY 52-week low and high before this news

ATM capacity $500,000,000 Class A common stock under at-the-market sales agreement in shelf

Previous Partnership Reports

2 past events · Latest: May 14 (Positive)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
May 14	Digital asset partnership	Positive	+4.0%	Galaxy joined Tokenet as an inaugural participant in institutional digital asset lending.
Aug 07	Treasury collaboration	Positive	+2.7%	Galaxy partnered with DDC to enhance Bitcoin treasury trading and infrastructure.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Partnership and collaboration headlines have previously coincided with modestly positive one-day moves for GLXY.

Recent Company History

Recent history for Galaxy shows strategic partnerships as a recurring theme. On May 14, 2026, participation in Tokenet’s institutional lending platform saw a 3.99% move. A prior collaboration with DDC Enterprise on Aug 07, 2025 also produced a positive reaction. Today’s Haruko–Kalshi integration fits this pattern of Galaxy positioning itself within regulated digital-asset infrastructure and institutional workflows, extending its reach across trading, risk management, and treasury-focused partnerships.

Key Terms

perpetual futures, CFTC, BTCPERP, prediction markets, +1 more

5 terms

perpetual futures financial

"Perpetual futures are among the most actively traded instruments in digital markets globally"

Perpetual futures are contracts that let investors bet on an asset’s price without a set expiration date, combining the ability to use borrowed funds with a recurring small payment or receipt that keeps the contract price close to the actual market price. They matter because they offer continuous, high-leverage exposure and deep liquidity—useful for quick trading and price discovery—but also raise the risk of forced exits and amplified losses, so they change how investors manage risk.

CFTC regulatory

"following the CFTC's approval of Kalshi's BTCPERP contract on 29 May 2026"

The CFTC is the U.S. government agency that oversees trading in futures, options and swaps — financial contracts that let people bet on or hedge future prices of commodities, interest rates and other assets. Think of it as a market referee and safety inspector: it sets rules, monitors trading for fraud or manipulation, and enforces penalties, which matters to investors because its actions influence market fairness, transparency, and systemic risk.

BTCPERP financial

"following the CFTC's approval of Kalshi's BTCPERP contract on 29 May 2026"

A "btcperp" is a perpetual futures contract tied to the price of Bitcoin that has no fixed expiration date, letting traders hold long or short positions indefinitely. It matters to investors because it offers leveraged exposure to Bitcoin’s price movements and is commonly used for speculation, hedging or adjusting portfolio risk; large positions and funding payments can also influence spot-market prices, so it affects broader market dynamics.

prediction markets financial

"Perps are a natural evolution from Kalshi's prediction markets - this is about the ability"

Prediction markets are exchanges where people buy and sell contracts that pay out based on the outcome of a future event, effectively turning collective beliefs into a price that reflects the market’s estimated probability. Like a sports betting line or a crowd-sourced weather forecast, they aggregate diverse information and sentiment into a single, continuously updated signal that investors can use to gauge market expectations, inform timing, assess risk, or construct hedges.

crypto derivatives financial

"a significant regulatory moment for institutional crypto derivatives in the US"

Crypto derivatives are financial contracts whose value is based on the price of a cryptocurrency rather than owning the coin itself, similar to betting on the future price of oil without buying a barrel. They matter to investors because they allow taking leveraged positions, hedging against price swings, or gaining exposure with lower upfront cost, but they also amplify gains and losses and can increase counterparty and market-risk compared with holding the asset directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

LONDON and NEW YORK, June 15, 2026 /PRNewswire/ -- Haruko, the modern digital markets risk and portfolio management system, today announces its integration with Kalshi's perpetual futures exchange, following the CFTC's approval of Kalshi's BTCPERP contract on 29 May 2026. Haruko clients can now manage their Kalshi perpetual futures exposure within a single, consolidated view of their broader multi-asset portfolios, with the same real-time risk and performance oversight they apply everywhere else they trade.

Perpetual futures are among the most actively traded instruments in digital markets globally, yet until now they have existed almost entirely outside the regulated exchange system in the United States. The CFTC's approval of Kalshi's BTCPERP contract under Commission Regulation 40.3 changes that, establishing a domestic regulatory pathway for an asset class that has grown from $28 trillion in annual offshore volume in 2023 to over $90 trillion in 2025. For institutions that require regulated venues and cannot access offshore alternatives, that approval is not an incremental development. It opens a market.

Through the integration, Haruko clients can consolidate their full Kalshi perpetuals activity within the platform alongside broader holdings across traditional and digital asset markets. Haruko's real-time risk and portfolio management capabilities extend fully to perpetual futures exposure, giving institutions the same depth of position monitoring, performance attribution, and oversight across their Kalshi activity as they have across every other venue and asset class they trade.

"The CFTC's approval of Kalshi's BTCPERP contract is a significant regulatory moment for institutional crypto derivatives in the US, and Haruko's integration ensures institutions can act on it immediately. Perpetual futures have been one of the most actively traded instruments in global crypto markets for years, but regulated domestic access simply did not exist. That has now changed. For institutions using Haruko, adding Kalshi perpetuals requires no new infrastructure, no compromise on oversight, and no departure from the operational standards they apply everywhere else. This is how a new regulated market gets institutional participation from day one," said Shamyl Malik, CEO of Haruko.

"Galaxy operates across the full crypto derivatives stack, and perpetual futures are a significant part of how institutional participants express views and manage risk in digital asset markets. The absence of a domestically regulated venue has been a meaningful constraint. The CFTC's approval of Kalshi's BTCPERP contract is a meaningful step toward addressing that gap, and Haruko's integration means we can manage that exposure within the same consolidated risk framework we apply across our entire portfolio. Regulated access, real-time oversight, no operational compromise," said Michael Harvey, Head of Franchise Trading, Galaxy.

"Perps are a natural evolution from Kalshi's prediction markets - this is about the ability to trade based on direction, without needing to predict exactly when something occurs. The development of a regulated onshore market open to both institutional and retail users is the logical next step. It's exciting to work with Haruko and Galaxy to allow institutional clients easy and seamless access to the market," said Andy Ross, Head of Institutional, Kalshi.

About Haruko
Haruko provides the most comprehensive digital markets 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 traditional and digital finance industry veterans located across Europe, Asia and The Americas supporting more than 90 institutional clients globally using the award-winning Haruko platform to optimise their front-, middle- and back-office workflows and operational controls.

For more information on Haruko, please visit haruko.com, contact us on business-development@haruko.io and follow on LinkedIn.

About Kalshi

Founded in 2018, Kalshi is the world's largest prediction market. Prediction markets provide accurate, real-time information on the likelihood of events, making humanity more informed about the future. As the first regulated exchange for events, Kalshi is credited with legalizing and establishing prediction markets as a financial asset class. It's the leading safe and regulated platform trusted by millions of people in America.

To learn more about Kalshi, visit www.kalshi.com.

About Galaxy Digital

Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy's businesses and products is available on www.galaxy.com.

For more information on Galaxy Digital, please visit www.galaxy.com.

Media Contact

Haruko
917-664-0411
416809@email4pr.com

Kalshi
416809@email4pr.com

Galaxy Digital
www.galaxy.com/media-inquiries

View original content to download multimedia:https://www.prnewswire.com/news-releases/haruko-partners-with-kalshi-to-enhance-risk-and-portfolio-management-for-perpetual-futures-302800330.html

SOURCE Haruko

FAQ

What did Galaxy (GLXY) announce about Haruko's integration with Kalshi on June 15, 2026?

Galaxy (GLXY) highlighted Haruko's integration with Kalshi's perpetual futures exchange, following CFTC approval of Kalshi's BTCPERP contract. According to Galaxy, this allows institutional clients to manage Kalshi perpetual futures exposure within the same consolidated, real-time risk framework used across their broader digital and traditional asset portfolios.

How does the Haruko and Kalshi partnership affect risk management for Galaxy (GLXY) investors?

The partnership lets Galaxy manage Kalshi perpetual futures alongside all other positions in Haruko's risk platform. According to Galaxy, this delivers real-time oversight, position monitoring, and performance attribution for Kalshi exposure within the same operational and governance standards applied across its entire multi-asset derivatives portfolio.

What is Kalshi's BTCPERP contract and why is CFTC approval important for GLXY shareholders?

Kalshi's BTCPERP is a CFTC-approved perpetual futures contract for Bitcoin trading on a regulated US exchange. According to Haruko and Kalshi, approval under Commission Regulation 40.3 opens domestically regulated access for an asset class previously concentrated offshore, potentially broadening institutional derivatives opportunities relevant to Galaxy's trading activities.

How large is the perpetual futures market mentioned in the Haruko and Kalshi announcement involving GLXY?

Perpetual futures volume grew from $28 trillion in 2023 to over $90 trillion in 2025. According to Haruko, these instruments are among the most actively traded in global digital markets, and regulated US access via Kalshi may help institutions like Galaxy participate through established risk management frameworks.

What benefits do institutional clients of Galaxy (GLXY) gain from Haruko's integration with Kalshi?

Institutional clients gain consolidated management of Kalshi perpetual futures alongside other digital and traditional assets on Haruko. According to Haruko, this includes real-time risk metrics, performance attribution, and oversight without adding new infrastructure or compromising operational standards, supporting smoother institutional participation in the new regulated market.

When did the CFTC approve Kalshi's BTCPERP contract and how does timing matter for GLXY?

The CFTC approved Kalshi's BTCPERP contract on 29 May 2026, enabling prompt platform integration. According to Haruko, this timing allows institutions using its system, such as Galaxy, to access and manage regulated US perpetual futures exposure immediately within existing workflows and compliance controls.