Syntetika Unveils Tokenization Hub with Regulated BTC Basis+ Strategy
Syntetika, a tokenization hub for regulated investment strategies, has launched its platform with the availability of deposits for its first strategy, BTC Basis+, managed by the publicly traded Hilbert Group.
The fund operates with independent custody and each cycle's net asset value is attested by an independent third party. This attested NAV is used to issue and redeem vault tokens.
Participants can deposit cbBTC through the Syntetika platform in a permissionless way, with deposits queued and subscribed into the fund at the next processing cycle. hBTC is minted at an attested NAV, while redemptions follow the same cycle.
Syntetika has partnered with various entities, including Tulipa Capital on strategy curation, Ember Protocol on vault infrastructure, and Yield Network as Liquidity Syndication Partner. The platform launches on Base, and reserves behind its tokens will be checkable by anyone through Chainlink Proof of Reserve.