Metalpha and Litecoin Foundation Collaborate to Develop Hedging Solutions for Sustainable Crypto Mining

Sustainable mining is the focus of a partnership between Metalpha Technology Holding Ltd and Litecoin Foundation Ltd to develop hedging solutions and promote the use of renewable energy for the Litecoin network.

Metalfa Technology Holding Ltd., a leading digital asset wealth management company, has announced a partnership with the Litecoin Foundation Ltd, a non-profit organization that supports the development and adoption of Litecoin (LTC), a digital peer-to-peer cryptocurrency. The partnership will jointly support research institutions in developing hedging and sustainable mining solutions for the Litecoin ecosystem.

ThuepSpecific research areas of artnership will include the development of derivative products, the promotion of renewable energy and energy efficiency, and the reduction of carbon emissions from blockchain mining on the Litecoin network. Metalpha will share its market-leading expertise in digital asset derivatives product innovation and its goal is to support crypto miners with market risk hedging products and reduce the environmental impact of crypto mining.

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

“It is a pleasure to partner with the Litecoin Foundation to develop sophisticated derivative products as well as to promote quality public education in green mining to fulfill the mission of building a fully decentralized and open source global payment network,” he said. Adrian Wangfounder and CEO of Metalpha.

“Metalpha brings a wealth of experience and product design to the Litecoin ecosystem and we look forward to working together as we continue to build a secure and reliable infrastructure for both Litecoin and the wider crypto industry while focusing on research, education and environmental initiatives that important for sustainability,” he said. Alan AustinManaging Director Litecoin Foundation.

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