Syntetika launched its tokenization hub for regulated investment strategies, opening deposits for its first product: BTC Basis+. The platform, built in collaboration with publicly traded Hilbert Group, brings institutional yield strategies onchain through vault tokens with independent custody and third-party Net Asset Value (NAV) attestation. Users can deposit cbBTC to mint hBTC, which represents a position in the strategy, and stake it to earn yield.
How Syntetika bridges TradFi and DeFi
Syntetika’s idea is pretty straightforward: Bitcoin is not being used to its full potential. Even though public companies hold more than 3 percent of all Bitcoin, most of it is just sitting there doing nothing.
The platform’s first strategy, BTC Basis+, captures the funding spread between spot and futures markets, generating BTC-denominated returns without directional price exposure.
Users deposit cbBTC through Syntetika’s permissionless platform on Base, with deposits queued and subscribed into the fund at the next processing cycle. hBTC is minted at an attested NAV, and redemptions follow the same cycle.
The whole platform runs on Galactica’s compliance infrastructure, uses Chainlink Proof of Reserve (PoR) to keep everything transparent, and follows the ERC-4626 vault standard for composability, so it plays accordingly with other apps.
The risk tranching partnership with Royco
Syntetika has also partnered with Royco, a risk transformation protocol, to bring senior and junior tranches to hBTC. The Senior tranche offers a steadier risk profile, while the Junior tranche earns a premium for standing first in line for losses.
The partnership allows the same underlying strategy to serve two distinct appetites for risk without changing the strategy itself.
The company is kicking things off with a solid $105 million in liquidity from Caddy Finance, which could even scale up to $205 million. Basically, Syntetika is aiming to be the go-to bridge for plugging institutional yield strategies right into the world of onchain capital.
Executive leadership and strategic collabs
In July 2026, Syntetika appointed Jorge Cuartero as Chief Executive Officer, succeeding John Lilic, who led the platform over the past year. Cuartero brings experience across investment management and capital markets, where he actually started a crypto hedge fund that got scooped up by Tulipa Capital, where he’s still the Chief Investment Officer.
Tulipa Capital joined as a strategic partner, enabling investors to pledge Syntetika positions as collateral without redeeming them, so capital can stay invested while working elsewhere simultaneously.
The platform remains on track for its launch, with a focus on serving institutional funds and regulated investment strategies denominated in Bitcoin and U.S. dollars.
