Asset management firm VanEck has expanded its cryptocurrency offerings by launching an investment product based on Celestia.
VanEck's New Product
Celestia is a modular blockchain designed to scale decentralized applications. The new product, aimed at both institutional and retail investors, will provide access to the Celestia (TIA) token.
Demand for TIA
The Celestia ecosystem is expanding, and the popularity of its native token is on the rise. Menno Martens, Crypto Product Manager at VanEck Europe, pointed out that the demand for the TIA token is directly linked to the need for Celestia’s services, as all platform interactions occur using the TIA token.
Celestia Prospects
The VanEck Celestia strategy is positioned as one of the first regulated exchange-traded products tied to Celestia, offering institutions a structured way to invest. Celestia co-founder Mustafa Al-Bassam noted that this marks an early step toward broader institutional adoption, with more ways to engage with the network expected in the future.
VanEck's launch of a new investment product based on Celestia opens new opportunities for institutional investors and increases the blockchain platform's popularity.
