RULEMATCH

The interbank trading and settlement venue for cryptocurrencies and digital assets I Home of RULEMATCH #SpotOn podcast🎙️ | Official RULEMATCH Channel

[RULEMATCH @rulematch]

RULEMATCH is honored to be recognized yesterday by @Nasdaq in Times Square for the MiCA trading platform license of its European exchange RULEMATCH Europe.

As a purpose-built exchange for MiCA institutions, RULEMATCH Europe has partnered with Nasdaq to use their world-class trading and market surveillance technology to serve financial institutions at the highest level.

[RULEMATCH @rulematch]

💡REWIRING CAPITAL MARKETS - Crypto markets were just the beginning, according to Omer Suleman of Haruko.

The bigger picture is a financial system that undergoes a profound change...

What does that look like?

And what parts of the the current "status quo" will not go away?

Get answers in the latest episode of RULEMATCH Spot On with @ian_simpson80.

[RULEMATCH @rulematch]

Exclusive conversations, exclusively about institutional crypto and digital assets - RULEMATCH Spot On in 2026 has a great line-up of topics and guests (so far...)

- German Soto Sanchez (@Broadridge) on tokenization on Wall Street

- Thomas Restout (@B2C2Group) on crypto market structure and OTC trading

- Daniel Coheur (@ApexGlobalGroup) on fund tokenization and T-Rex Protocol

- Martin K. Hess (Swiss Banking Association) on stablecoins in Switzerland

- Omer Suleman (Haruko) on risk management in crypto and digital assets

[RULEMATCH @rulematch]

Dive in - beyond the hype, beyond the buzzwords... 💡⤵️

[RULEMATCH @rulematch]

When crypto and digital assets start to spread across capital markets, some things have to change.

Others do not...

For banks, hedge funds, asset managers and others, some fundamentals hold true, regardless of whether capital markets move wholly or partially on-chain.

To serve them - and change the industry in the process - Omer Suleman's @Haruko brings a full suite of portfolio and risk management tooling.

Long years of experience at household names like Goldman Sachs, Deutsche Bank and Citi have given him and his cofounders a view of what is needed.

As he explains on RULEMATCH Spot On with Ian Simpson, that is just one piece of the puzzle.

Show notes:

1:26 - Intro
2:17 - Institutions are "becoming"
5:08 - The systems of Goldman Sachs and Deutsche Bank
6:06 - Building Haruko because...
7:31 - The backstory of Haruko
10:07 - Hedge funds with the same "itch"
12:55 - Haruko as a tech stack
14:17 - Large prop shops in London
16:02 - Changing company structures among TradFi firms in crypto
18:02 - Haruko and tier-1 banks
21:39 - The special thing about crypto that banks must understand
23:47 - How banks are looking forward...
25:26 - The interesting thing about different tokenized equities
27:06 - What do banks prefer?
29:32 - The different risks that banks are evaluating 32:30 - Coming to terms with risk in crypto
35:09 - How hidden risks came to light with FTX
37:32 - The balancing act of separating market making from trade execution
39:15 - Why retail clients don't do risk management 40:48 - Good old days in FX markets
43:45 - The part of crypto that is not like FX
45:42 - Building on Haruko's superpowers
46:50 - OTC trading in crypto markets
51:09 - Evaluating the different flavors of RFQ trading 54:45 - The need for multi-dealer setups
56:22 - How crypto veterans will change the game

📺Watch the full episode right here ⤵️

[RULEMATCH @rulematch]

➡️A SUBTLE SHIFT - Some large TradFi trading houses have been in crypto for quite a while.

But now something is changing...

And the reason is clear: balance sheet.

@HarukoTech's Omer Suleman explains why institutions are (again) rethinking their crypto business strategy - and what it means for the development of the market.

[RULEMATCH @rulematch]

When crypto and digital assets start to spread across capital markets, some things have to change.

Others do not...

For banks, hedge funds, asset managers and others, some fundamentals hold true, regardless of whether capital markets move wholly or partially on-chain.

To serve them - and change the industry in the process - Omer Suleman's @Haruko brings a full suite of portfolio and risk management tooling.

Long years of experience at household names like Goldman Sachs, Deutsche Bank and Citi have given him and his cofounders a view of what is needed.

As he explains on RULEMATCH Spot On with Ian Simpson, that is just one piece of the puzzle.

Show notes:

1:26 - Intro
2:17 - Institutions are "becoming"
5:08 - The systems of Goldman Sachs and Deutsche Bank
6:06 - Building Haruko because...
7:31 - The backstory of Haruko
10:07 - Hedge funds with the same "itch"
12:55 - Haruko as a tech stack
14:17 - Large prop shops in London
16:02 - Changing company structures among TradFi firms in crypto
18:02 - Haruko and tier-1 banks
21:39 - The special thing about crypto that banks must understand
23:47 - How banks are looking forward...
25:26 - The interesting thing about different tokenized equities
27:06 - What do banks prefer?
29:32 - The different risks that banks are evaluating 32:30 - Coming to terms with risk in crypto
35:09 - How hidden risks came to light with FTX
37:32 - The balancing act of separating market making from trade execution
39:15 - Why retail clients don't do risk management 40:48 - Good old days in FX markets
43:45 - The part of crypto that is not like FX
45:42 - Building on Haruko's superpowers
46:50 - OTC trading in crypto markets
51:09 - Evaluating the different flavors of RFQ trading 54:45 - The need for multi-dealer setups
56:22 - How crypto veterans will change the game

📺Watch the full episode right here ⤵️

[RULEMATCH @rulematch]

🎧Listen on Spotify: https://t.co/ABx2h5nhtO

[RULEMATCH @rulematch]

💡REWIRING CAPITAL MARKETS - Crypto markets were just the beginning, according to Omer Suleman of Haruko.

The bigger picture is a financial system that undergoes a profound change...

What does that look like?

And what parts of the the current "status quo" will not go away?

Get answers in the latest episode of RULEMATCH Spot On with @ian_simpson80.

[RULEMATCH @rulematch]

📺 Watch on YouTube: https://t.co/9JTqqyjmAo

[RULEMATCH @rulematch]

➡️ Watch the full episode here: https://t.co/9JTqqyjmAo

[RULEMATCH @rulematch]

➡️A SUBTLE SHIFT - Some large TradFi trading houses have been in crypto for quite a while.

But now something is changing...

And the reason is clear: balance sheet.

@HarukoTech's Omer Suleman explains why institutions are (again) rethinking their crypto business strategy - and what it means for the development of the market.

[RULEMATCH @rulematch]

Plus - the "superpowers" of Haruko as a comprehensive multi-asset tech solution for the capital markets of tomorrow.

Watch the full episode with Omer here: https://t.co/9JTqqyjmAo

[RULEMATCH @rulematch]

NEW EPISODE - From physics to options at Goldman Sachs to digital assets for financial institutions, Haruko co-founder Omer Suleman has seen it all.

In the latest episode of RULEMATCH Spot On with @ian_simpson80, Omer dives into...

[RULEMATCH @rulematch]

- How institutions are "becoming"...

- The subtle shift at #TradFi companies doing crypto

- The "ironic" thing about risk management in digital asset markets

- How different flavors of #tokenizedequities stack up

[RULEMATCH @rulematch]

https://t.co/qh49Yg70pB

[RULEMATCH @rulematch]

💡Not all MiCA licenses are the same. RULEMATCH Europe holds a MiCA trading platform license - meaning that it acts as a neutral market operator for trading infrastructure.

As a trading platform, RULEMATCH offers non-discretionary trading in a multi-broker model and never acts as a counterparty itself.

RULEMATCH CEO David Riegelnig discusses what this means for institutional crypto markets in this interview with @Nasdaq ⤵️

[RULEMATCH @rulematch]

“What should move on-chain and what should stay off-chain?”

That was one of the key questions posed at the @pointzeroforum Roundtable on Digital Capital Markets...

...where RULEMATCH CEO David Riegelnig join the conversation hosted by the @SNB_BNS's Thomas Moser.

Blockchain and digital assets are gaining momentum among the largest financial institutions in the world - including central banks.

But - the many choices around efficiency, speed and market integrity remain as relevant as ever for the capital markets of the future.

[RULEMATCH @rulematch]

How do banks think about crypto in Switzerland...?

Good question...and answers, here ⤵️

[RULEMATCH @rulematch]

WATCH NOW - RULEMATCH Spot On returns with focused look at Swiss banks and stablecoins (or depost tokens...or tokenized deposits) with Swiss Bankers Association Chief Economist Martin K. Hess.

With host @ian_simpson80, Martin dove into:

- What Swiss banks think about crypto

- Why all stablecoins are not equal for bankers

- What might be holding back a Swiss franc stablecoin

..and much more.

[RULEMATCH @rulematch]

➡️ Read the full article: https://t.co/qh49Yg70pB

[RULEMATCH @rulematch]

Speaking with technology partner @Nasdaq, RULEMATCH CEO David Riegelnig explained why the granting of a MiCA license for RULEMATCH Europe puts the exchange in the pole position to serve the growing number of MiCA institutions...

...now and in the future.

[RULEMATCH @rulematch]

The Swiss DLT Act was a major step for innovation in digital assets and some Swiss banks have realized its strategic importance...others not quite yet.

@SwissBankingSBA Association Chief Economist Martin K. Hess discussed the "wake-up" call and its bigger implications on RULEMATCH
Spot On.