On August 22, Grayscale Investments, one of the world’s largest crypto-focused asset managers and a wholly-owned subsidiary of Digital Currency Group (DCG), announced the public launch of its latest investment product, the Grayscale® Avalanche Trust. This new trust allows accredited investors to gain direct exposure to Avalanche (AVAX), a smart contract platform known for its three-chain architecture that balances scalability, security, and decentralization.
Avalanche has gained attention in the crypto space due to its unique approach to smart contracts and its strategic partnerships with leading companies. These partnerships have positioned Avalanche as a significant player in the tokenization of real-world assets (RWA), a process that involves converting physical assets like real estate, commodities, or fine art into digital tokens on a blockchain. By launching the Avalanche Trust, Grayscale aims to offer investors a way to participate in these developments within the growing crypto ecosystem.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, emphasized the company’s commitment to providing innovative investment opportunities. She noted that Avalanche’s role in advancing RWA tokenization makes it a compelling addition to Grayscale’s portfolio of over 20 crypto investment products. “The launch of Grayscale® Avalanche Trust highlights Grayscale’s ongoing commitment to providing investors with innovative opportunities to access exciting developments in the crypto ecosystem,” Sharif-Askary stated.
The Grayscale Avalanche Trust functions similarly to the company’s other single-asset investment trusts, investing solely in AVAX, the native token of the Avalanche network. The Trust is now open for daily subscription to eligible accredited investors.
Grayscale plans to seek approval for trading the new Trust’s shares on secondary markets but cautions that success is not guaranteed. Investors should be ready to hold shares indefinitely, as previous products have faced challenges in meeting investment objectives or securing favorable trading conditions.
On August 13, Grayscale unveiled the Grayscale MakerDAO Trust, which is designed to provide investors with direct exposure to MKR, the utility and governance token associated with MakerDAO, a decentralized autonomous organization (DAO) that governs the Maker Protocol, a decentralized finance (DeFi) platform built on the Ethereum blockchain
On August 7, Grayscale introduced the Grayscale Bittensor Trust and Grayscale Sui Trust. The Grayscale Bittensor Trust is dedicated to investing in Bittensor’s native token, TAO, while the Grayscale Sui Trust exclusively focuses on the SUI token of the Sui protocol.
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