Hyphe, the digital asset liquidity provider for financial institutions, has been onboarded by asset manager, VanEck, to execute trades for their range of digital currency exchange-traded products (ETPs). This includes a new issuance, VanEck’s Crypto Leaders ETN, launched in January.
VanEck’s latest ETP enables investors to track the movement of a weighted basket of the most prominent digital currencies. VanEck now has the option to use Hyphe to execute trades across the underlying portfolio.
VanEck already operates individual cryptocurrency-backed ETNs for Bitcoin, Ethereum, Polkadot, Solana, Tron, Avalanche and Polygon - each aimed at institutional and retail investors who do not want to trade in, or hold, digital assets directly. Operated under the exclusive liability of VanEck, these ETPs offer investors additional consumer protection, and the opportunity to trade on familiar platforms.
Dolf Diederichsen, Co-founder and CEO of Hyphe, says: “Hyphe is all about increasing access to financial markets. VanEck’s digital currency ETPs are a bridge between traditional finance and digital assets. We started Hyphe with the aim of helping financial institutions offer products exactly like this, making it easier for institutional and retail investors to enter a new and exciting asset class. We’re very happy to work with a company like VanEck, who strive to make trading in digital currencies safe, easy and accessible.”
Aaron Renkers, Head of Investments at VanEck says: “Hyphe’s trading solution gives us easy access to digital assets when we need it. So we can trade cost-effectively and settle seamlessly. Very pleased to bring Hyphe onboard.”