Grayscale to Explore the DeFi Sector as the Giant Crypto Asset Manager Files Paperwork for New Trust Funds

New-York headquartered giant digital investment and management outfit, Grayscale Investments continues to spread its investment tentacles into several blockchain based assets. This time, Grayscale has fashions new strategies to explore the Decentralized Finance space after filing for 5 trust funds for 5 different crypto assets very well linked to the decentralized finance (DeFi) sphere. The new five filings were run on the 27th of January 2021, by Delaware Trust Company- the company’s United States Statutory trustee.

Currently, the Cooperate registry at Delaware has now filed trust paperwork for cosmos (ATOM, +16.38%), cardano (ADA, +5.09%), Polkadot, Aave, and even  Monero (XMR, +5.23%). 

It should be understood that this move of doing the necessary legal paperwork for the trusts does not automatically mean that Grayscale is immediately going on to unveil new trusts for the five new assets but of course, the giant asset management outfit is hinting towards same -probably to be staged in the nearest future.

Read Related Articles: Grayscale to Set Up 5 New Digital Asset Trusts

Grayscale’s representative notes:

“Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. “

Prior to now, Cryptotvplus reported that the Asset manager had filed the necessary paperwork for filecoin, basic attention token (BAT, +9.88%),  tezos (XTZ,+7.38%), chainlink (LINK, +14.27%), , decentraland (MANA, +4.72%),  and even livepeer in the last couple of months.

Grayscale noted when the immediately highlighted assets above were filed that although they may do the necessary groundwork to introduce a new digital asset trust, they may not immediately introduce such a product. This does not mean that they will in fact launch the said products on their radar.  

What do you think of this move? Let us know in the comment section…