Syntetika Drops a Tokenization Hub on Base, and BTC Basis+ Walks In First 🚪

Syntetika opened deposits on August 10 for its tokenization hub's debut strategy, hBTC, the vault token tied to Hilbert Group's BTC Basis+ fund. The platform is built to bring regulated investment strategies onchain, with each underlying fund operating under independent custody and a net asset value that is attested by an independent third party each cycle. Vault tokens are issued and redeemed at that attested NAV, and reserves backing the tokens will be verifiable by anyone through Chainlink Proof of Reserve.

BTC Basis+ is a Bitcoin basis strategy that holds $BTC exposure and captures the funding spread between spot and futures markets, with returns denominated in Bitcoin terms. Participants deposit cbBTC through the Syntetika platform in a permissionless manner. Deposits are queued and subscribed into the fund at the next processing cycle, with hBTC minted at the attested NAV, and redemptions follow the same cycle structure.

Syntetika launched on Base with three named partners: Tulipa Capital as strategy curation partner, Ember Protocol as vault infrastructure partner, and Yield Network as Liquidity Syndication Partner. The deposit window for BTC Basis+ is live at syntetika.io.

"Today Syntetika opens its doors with BTC Basis+," said Jorge Cuartero, CEO of Syntetika. "What we are really launching is the platform underneath it: infrastructure built to carry a growing set of regulated strategies onchain. This is day one of that roadmap." Syntetika is operated by Syntetika Proto Limited in Road Town, British Virgin Islands, with Niko Petrov listed as Head of Marketing.