Metalpha and Litecoin Foundation Partner

The partnership will jointly develop the Litecoin ecosystem to hedge risk and lower carbon emissions
PRNewswireFebruary 24, 20234 min

Metalpha Technology Holding Ltd (NASDAQ: MATH), a leading wealth management company for digital assets, has announced a partnership with the Litecoin Foundation Ltd, a nonprofit that supports the development and adoption of Litecoin (LTC), a digital peer-to-peer cryptocurrency. The partnership will jointly support research institutions to develop hedging solutions and sustainable mining for the Litecoin ecosystem.

The partnership’s specific areas of research will include developing derivative products, facilitating renewable energy use and energy efficiency, and lowering carbon emissions from blockchain mining in the¬†Litecoin¬†Network. Metalpha will contribute its market leading expertise in the innovation of financial derivative products for digital assets, and it aims to support¬†crypto¬†miners with hedging products against market risk and lowering¬†crypto¬†mining’s environmental impact.

To achieve this, Metalpha and Litecoin Foundation will work with universities and research institutions to further sustainable blockchain innovation, support public education around the Litecoin network, and improve network awareness, adoption, and scalability.

“It is a great pleasure to be partnering up with¬†Litecoin¬†Foundation to develop sophisticated derivative products as well as promoting quality public education on green mining to further the mission of building a fully decentralized, open source, global payment network,” said¬†Adrian Wang, Founder and CEO of Metalpha.

Metalpha brings rich experience and product design to¬†Litecoin’s ecosystem and we look forward to working together as we continue to build a secure and reliable infrastructure for both¬†Litecoin¬†and the broader¬†crypto¬†industry, while at the same time focusing on research, education and environmental initiatives that are important for sustainability,” said¬†Alan Austin, Managing Director of¬†Litecoin¬†Foundation.

Founded in 2021 and headquartered in Hong Kong, Metalpha focuses on providing wealth management products and services for digital assets.

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