Syntetika has launched a tokenization hub that puts regulated investment strategies on-chain, letting investors hold them directly in a wallet. The first strategy on offer is BTC Basis+, managed by the publicly traded Hilbert Group, and deposits for its vault token, hBTC, are now open.
A wallet-friendly route into regulated funds
The hub tokenizes shares of regulated funds, turning them into digital tokens that can be held and transferred like any other crypto asset. Instead of going through a traditional brokerage with account opening and settlement delays, an investor connects a wallet and holds the tokenized position directly. Syntetika says the goal is to make these strategies accessible to a wider audience without the usual intermediaries.
For now, the platform starts with a single strategy. The tokenization approach means the strategy lives inside a regulated fund structure, but the access point is a wallet. That's a shift from the typical way regulated funds are bought and sold, which usually involves KYC checks and paperwork.
The first strategy: BTC Basis+
BTC Basis+ is designed to capture the basis between Bitcoin's spot price and its futures price, a common trade in crypto markets. Hilbert Group, which manages the strategy, is a publicly listed company, though the specific exchange isn't mentioned in the announcement. The strategy sits within a regulated fund, which may appeal to investors who want compliance and oversight baked into a crypto-native product.
Deposits open for hBTC
HBTC is the vault token that represents a share in the BTC Basis+ strategy. When an investor deposits funds, they receive hBTC in return. The token's value tracks the performance of the underlying strategy, net of fees. Deposits are open now, meaning investors can already move funds into the vault.
The company hasn't said when trading or redemptions will begin, or whether additional strategies will be added to the hub. For now, the focus is on getting the first vault funded and running. Deposits are open as of the launch, and there's no announced close date. Whether secondary trading will follow isn't clear yet.
