VanEck, a prominent asset management firm renowned for its engagement in the cryptocurrency sector, is expanding its footprint in the Web3 and digital asset space by introducing a unique NFT management platform named SegMint.
This initiative follows closely on the heels of the firm's successful launch of a Bitcoin exchange-traded fund (ETF) in the United States, signaling its continuous exploration of the digital asset ownership landscape.
Matthew Bartlett, the head of VanEck's NFT community and Web3, highlighted ahead of SegMint's reveal at NFT Paris that this platform will provide users the ability to securely store ("vault") and fractionalise digital assets.
This is achieved through the issuance of tradable keys on SegMint's proprietary exchange, merging traditional asset management with the burgeoning NFT marketplace.
As the first U.S. asset manager to attempt filing for a Bitcoin ETF back in 2017, VanEck has solidified its status as a trailblazer in integrating cryptocurrency offerings within a regulated financial framework, now taking a significant step into tokenised digital asset management with SegMint.