Syntetika opened deposits on August 10th, 2026 for hBTC, the vault token tied to BTC Basis+, a Bitcoin basis strategy managed by the publicly traded Hilbert Group. The platform said it gives wallet-based access to strategies that run inside regulated funds, with each fund using independent custody and having its net asset value, or NAV, attested each cycle by an independent third party. That attested NAV is used for issuing and redeeming vault tokens. BTC Basis+ holds Bitcoin exposure while seeking to capture the funding spread between spot and futures markets, with returns denominated in Bitcoin terms. Users can deposit cbBTC permissionlessly through Syntetika, with deposits queued for the next processing cycle and hBTC minted at the attested NAV; redemptions follow the same cycle. Syntetika launched on Base with Tulipa Capital handling strategy curation, Ember Protocol providing vault infrastructure, and Yield Network serving as Liquidity Syndication Partner. It also said reserves backing its tokens will become publicly verifiable through Chainlink Proof of Reserve.