According to CoinDesk, digital asset management company Metalpha Technology Holding Ltd (NASDAQ: MATH) said on Friday that it will work with the Litecoin Foundation to develop sustainable mining solutions for the Litecoin ecosystem.

Specific areas of research under the partnership will include developing derivative products, promoting the use of renewable energy and energy efficiency, and reducing carbon emissions from blockchain mining in the Litecoin network. Metalpha will develop financial derivatives for LTC tokens, and it also aims to provide cryptocurrency miners with products to hedge market risks and reduce the environmental impact of cryptocurrency mining.