VanEck bets on Celestia with new investment product

The Vaneck asset management company has expanded its cryptocurrency offers by launching an investment product based on Celestia.

Celestia is a modular blockchain Designed to scale decentralized applications.

The new product, listed in a preferred wrapper for investors, will allow institutional and detail investors to expose themselves to the Celestia (Tia) Token.

Celestia addresses Evolution of the blockchain by optimizing the availability of data, a key bottleneck in decentralized networks. Its modular design allows developers to create broadband applications while maintaining their own blockchain environments.

TIA request

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

“The request for TIA token is the direct result of the need for Celestia services, because all the interactions on Celestia are denominated and paid in TIA,” said Menno Martens, Cryptographic Product Manager of Vaneck Europe, in a note shared with Crypto.News. “As more and more developers use Celestia, we see growth potential for its ecosystem.”

THE Valve Celestia’s strategy is positioned as one of the first regulated stock markets linked to Celestia, offering institutions a structured means of investing.

Celestia co-founder, Mustafa al-Bassam, noted that this marks an early step towards a broader institutional adoption, with more ways to engage with the expected network in the future.