Crypto asset manager Grayscale has incorporated six more trusts, including those tied to Chainlink (LINK) and Tezos (XTZ) tokens.
The trusts were formed by Delaware Trust Company, Grayscale’s “statutory trustee,” in recent months.
Besides LINK and XTZ, the other four trusts include Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL). All the six trusts were formed in December, except the FIL trust, which was incorporated in October.
The trust formations do not mean Grayscale will launch these products, Michael Sonnenshein, CEO of Grayscale Investments, told The Block.
“Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors,” said Sonnenshein.
Grayscale is the largest crypto asset manager in the world. It manages more than $25 billion worth of assets across its products. Its bitcoin product, however, boasts the lion’s share of the total AUM at more than $21 billion.
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Grayscale has incorporated six more trusts, including ones for Chainlink and Tezos written by Yogita Khatri @ https://www.theblockcrypto.com/linked/92191/grayscale-trust-incorporation-chainlink-tezos?utm_source=rss&utm_medium=rss January 22, 2021 Yogita Khatri