VanEck Expands Its Cryptocurrency Offerings by Launching a Celestia (TIA) Tracking Product

Asset management firm VanEck has expanded its cryptocurrency offerings by launching an investment product based on Celestia.

Asset management firm VanEck has expanded its cryptocurrency offerings by launching an investment product focused on Celestia (TIA), a modular blockchain designed for scalable decentralized applications.

The new product, which will be listed in an investor-preferred wrapper, will allow institutional and retail investors to gain exposure to the Celestia (TIA) token.

Celestia is a modular blockchain that focuses on optimizing data availability, a key bottleneck in decentralized networks, to enable the development of high-throughput applications.

Its modular design allows developers to build and deploy their applications with maximum efficiency, while institutions and retail investors can select the specific cryptoassets they prefer to invest in.

This modularity also enables institutions to maintain control over their own blockchain environments, tailoring them to meet their unique investment needs.

TIA demand

The Celestia ecosystem is expanding rapidly, and the popularity of its native token is increasing accordingly.

“The demand for the TIA token is a direct result of the need for Celestia’s services, as all interactions on Celestia are denominated and paid for in TIA,” said Menno Martens, Crypto Product Manager at VanEck Europe, in a note seen by crypto.news.

“As more developers choose to utilize Celestia, we anticipate seeing further growth potential in the Celestia ecosystem.”

Pointing out that the crypto asset is already available on several exchanges, Martens added that VanEck is launching one of the first regulated exchange-traded products offering exposure to Celestia.

This product will offer institutions a structured and familiar way to invest in this rapidly growing sector of the market.

“We are excited to be at the forefront of providing accessible and innovative investment solutions to meet the evolving demands of investors,” said Martens.

Co-founder of Celestia, Mustafa Al-Bassam, added that this launch marks an early step in what is expected to be a broader journey of institutional involvement with Celestia.

“We are excited to see what the future holds as we continue to work together to push the boundaries of decentralized technology.”

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