crypto.news
Asset management firm VanEck has expanded its cryptocurrency offerings by launching an investment product based on Celestia.
Celestia is a modular blockchain designed to scale decentralized applications.
The new product, listed in an investor-preferred wrapper will allow institutional and retail investors to gain exposure to the Celestia ($TIA) token.
Celestia addresses blockchain scalability by optimizing data availability, a key bottleneck in decentralized networks. Its modular design enables developers to build high-throughput applications while maintaining control over their own blockchain environments.
$TIA demand
The Celestia ecosystem is expanding, and the popularity of its native token is on the rise.
“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 shared with crypto.news. “As more developers utilize Celestia, we see growth potential for its ecosystem.”
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.