> For the complete documentation index, see [llms.txt](https://docs.syntetika.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.syntetika.io/our-partners.md).

# Our Partners

<div align="center"><figure><picture><source srcset="/files/JSyDM3089LBZwkMpE9dc" media="(prefers-color-scheme: dark)"><img src="/files/mQChkeXtsLKCVlsWLvYx" alt=""></picture><figcaption></figcaption></figure></div>

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## Hilbert

Hilbert Group is a digital-asset investment and technology firm listed on Nasdaq First North Growth Market, running quantitative, delta-neutral strategies through its investment arm.

Hilbert runs the strategy that underpins the protocol. Capital routed through Syntetika is invested into Hilbert Basis+, where all discretionary management sits, and where the conversion between cbBTC and native Bitcoin is performed.

{% embed url="<https://www.hilbert.group/en/>" %}

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## Tulipa Capital

Tulipa Capital is a digital-asset operations firm and the external curator of the vault.&#x20;

It manages the deposit and redemption queue, nets flows each cycle, controls when tokens are minted, and co-signs every on-chain price update.

{% embed url="<https://www.tulipa.capital/>" %}

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## Ember

Ember Protocol is a vault infrastructure platform that tokenizes yield and fund strategies into structured vaults.

Ember provides the on-chain vault infrastructure Syntetika is built on: the ERC-4626 contracts through which participants deposit and redeem.

{% embed url="<https://ember.so/>" %}

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## NAV Consulting

NAV Consulting (NAVC) is an independent fund administrator providing NAV calculation, fund accounting, and reporting to investment funds worldwide.

NAVC independently attests the fund's Net Asset Value, from which the vault price is derived. Only its attested figures are ever published as the on-chain price.

{% embed url="<https://www.navfundservices.com/>" %}

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## Carey Olsen

Carey Olsen is a law firm with more than 300 lawyers across nine international offices and dedicated investment funds and digital assets practices.

Carey Olsen is Syntetika's legal counsel. The firm works closely with Syntetika, helping build the legal structure, reviewing bylaws and constitutional documents, and advising on corporate and regulatory matters.

{% embed url="<https://www.careyolsen.com/>" %}

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## Utila

Utila is an institutional MPC, multi-party computation, wallet platform providing digital-asset custody, treasury, and operations infrastructure, certified to SOC 2 Type II.

Utila is the custody platform for SYNT (BVI) Ltd's invested assets, held in segregated sub-accounts.&#x20;

{% embed url="<https://utila.io/>" %}

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## Chainlink

Chainlink is a decentralized infrastructure network providing data, interoperability, and off-chain computation to blockchain applications.

Chainlink provides proof of reserves and makes the vault's NAV verifiable on-chain.

{% embed url="<https://chain.link/>" %}

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## Fordefi

Fordefi is an institutional MPC wallet and security platform built for digital-asset operations and DeFi access.

Fordefi serves as the curator's custodian, holding capital in transit before it reaches Utila.

{% embed url="<https://fordefi.com/>" %}

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## Disclosure

Syntetika's CEO also serves as Chief Investment Officer of Tulipa Capital, the curator of the vault. The relationship is disclosed here in full.

The protocol's safeguards do not depend on the individuals involved. Only NAVC-attested figures are ever published as the on-chain price.

Price updates require a joint multisig in which each operating party is a required signer, so the curator cannot set the price alone.

Capital can only move along pre-approved whitelisted paths under multi-party approval policies.