Asset management firm VanEck has enhanced its cryptocurrency portfolio with the introduction of a new investment product centered around Celestia.

Celestia stands out as a modular blockchain aimed at improving the scalability of decentralized applications. This latest offering, structured in a way appealing to both institutional and retail investors, provides access to the Celestia (TIA) token.

One of the main challenges in decentralized networks is blockchain scalability, and Celestia tackles this issue by optimizing data availability. Its modular architecture allows developers to create high-throughput applications while retaining control over their distinct blockchain environments.

The Celestia ecosystem is experiencing growth, and interest in its native token is increasing.

Menno Martens, the Crypto Product Manager at VanEck Europe, commented that the rising demand for the TIA token stems from the necessity for the services provided by Celestia. He mentioned, “All interactions on Celestia are denominated and paid for in TIA. As more developers leverage Celestia, we foresee significant growth potential for its ecosystem.”

The VanEck Celestia strategy is among the first regulated exchange-traded products associated with Celestia, providing a structured investment pathway for institutions.

Mustafa Al-Bassam, a co-founder of Celestia, emphasized that this development signifies an initial move towards broader institutional acceptance, with expectations for additional engagement opportunities with the network in the future.