other_material
confidence high
sentiment neutral
materiality 0.75
Nuvve enters asset management deal with DeFi Technologies for HYPE crypto strategy
Nuvve Holding Corp.
- Nuvve hired DeFi Technologies to manage its crypto treasury with at least $3M initial allocation.
- Strategy is long-only in HYPE, the native token of Hyperliquid network, including staking.
- First-year fees: greater of $150k per quarter or 1.50% of Account Assets; subsequent quarterly fee 0.50%.
- Board approved allocating up to 100% of Nuvve's crypto portfolio to HYPE.
- Early termination fee is the greater of 5x trailing 12-month management fees or $1M.
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