Grayscale Investments Registers 5 New Trusts For Crypto Assets.

Grayscale Investments Registers 5 New Trusts For Crypto Assets.

2021-01-28 | Mike Hallen

Grayscale Investments Registers 5 New Trusts For Crypto Assets.

Grayscale Investments, the world’s leading digital asset manager, has filed to register 5 new trusts for crypto assets, several being associated with the DeFi [Decentralized Finance] ecosystem. In line with an official announcement on 27th Jan., Delaware cooperates registry now lists trusts for Aave [AAVE, +8.24%], Cosmos [ATOM, +10.74%] & Polkadot [DOT, 9.31%], along with other privacy coins like Monero [XMR, +1.28%] & Cardano [ADA, +6.41%]. As with other trusts filed, the registrations were made by Delaware trust corporation, that is Grayscale's statutory trustee for the United States. The filings don't, however, mean that trusts will necessarily be launched for the four new assets, but do indicate that the asset manager is laying the groundwork for potential launches. As reported earlier on 22nd Jan., Grayscale has registered trusts for Chainlink [LINK, +11.61%], Basic Attention Token [BAT, +10.29%], Decentraland [MANA, +4.82%], Livepeer [LPT, -3.91%], Tezos [XTZ, +7.08%} and Filecoin within the earlier couple of months. The company revealed at the time: "Occasionally, we'll make reservation filings, though a filing doesn't mean  we'll bring a product to the market.”

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