Metalpha Technology Holding Ltd. has announced a partnership with the Litecoin Foundation Ltd. 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.