Grayscale Trust Incorporates Chainlink (LINK), Tezos (XTZ), and Four Other Assets
AI Trading

The world’s largest crypto asset manager, Grayscale Investments, has reportedly incorporated six more trusts, including those that tied to Chainlink (LINK) and Tezos (XTZ) digital currencies.

According to the report, the trusts were formed by Delaware Trust Company, Grayscale’s “statutory trustee,” in late 2020.

Aside from Chainlink (LINK) and Tezos (XTZ), the remaining four trusts incorporated include Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL).

Read Also: Grayscale Ethereum Trust Becomes SEC Reporting Company. How Would ETH Benefit? Details

AI Trading

Except for the Filecoin (FIL), which was incorporated in October, all other trusts were formed in December 2020.

Speaking to The Block, the CEO of Grayscale Investments, Michael Sonnenshein, said the trust formations do not imply that Grayscale will launch these products now.

Sonnenshein noted:

“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.”

Grayscale is the largest crypto asset manager in the world. It currently manages $25.5 billion worth of assets across its products. However, its Bitcoin (BTC) product boasts the lion’s share of the total assets under management (AUM) at over $21 billion.

Follow us on Twitter, Facebook, Telegram, and Download Our Android App.

AI Trading produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.