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

WHY THIS MATTERS

The integration between Haruko and Kalshi marks a fundamental turning point for institutional digital asset trading by bridging the world’s most liquid crypto derivative with the strict compliance mandates of the United States regulatory system. Perpetual futures are the absolute bedrock of crypto market liquidity, with global offshore volumes surging past ninety trillion dollars. Yet, American institutional managers have been structurally blocked from these instruments due to the strict prohibition against using unregulated, offshore trading venues. The Commodity Futures Trading Commission approving Kalshi’s BTCPERP contract dismantles this long-standing operational barrier. By establishing a domestic, regulated onboarding pathway under federal oversight, the decision effectively unlocks a massive, previously inaccessible derivatives market for risk-managed funds, corporate treasuries, and major investment committees that require strict adherence to onshore legal frameworks.

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.

FF NEWS TAKE

Haruko is moving quickly to solidify its infrastructure dominance among sophisticated crypto funds by providing immediate, consolidated portfolio management for Kalshi’s newly approved onshore perpetual contracts. The technical alliance allows marquee institutional desks, including Galaxy Digital, to plug directly into Kalshi’s regulated derivatives exchange without rewriting their internal risk profiles or building separate data pipelines. Through Haruko’s unified dashboard architecture, trading desks can view, track, and audit their live Kalshi positions right alongside their legacy traditional equities, fixed-income lines, and on-chain spot holdings. By extending institutional-grade performance attribution, real-time margin tracking, and back-office accounting controls to these domestic contracts, Haruko removes the operational friction that typically delays early corporate participation, allowing regulated American capital to deploy securely into the high-velocity perpetual futures space from day one.