Digital Asset Manager Grayscale Eyes DeFi Space With New Trust Filings
Trusts for aave, cosmos and polkadot, as well as privacy coin monero and cardano, have been registered in Delaware.
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Michael Sonnenshein, the CEO of digital asset management giant Grayscale, has announced a new investment vehicle aimed at decentralized financial assets (DeFi). Grayscale Eyes DeFi Grayscale, the world’s largest crypto asset manager, is expanding its crypto product offering with the launch of its new Defi Fund, which is the firm’s first of its kind. The […]
The world's largest cryptocurrency asset management firm could be set to dip its toes into DeFi after filing five new coin trust registrations. The largest Bitcoin (BTC) and cryptocurrency asset manager in the world, Grayscale, could be set to move into the decentralized finance space after filings for several new trusts were filed in the Delaware corporate registry.New trust filings for Aave (AAVE), Polkadot (DOT) and Cosmos (ATOM) were filed on Jan. 27. On the same day, Grayscale also registered trusts for Cardano (ADA), as well as privacy coin, Monero (XMR). Grayscale has since stated....
A corporate registration filing with the State of Delaware shows that Grayscale is considering Yearn Finance as a future offering. Grayscale Investments has registered an LLC for a prospective Yearn Finance (YFI) Trust, giving the first sign that the asset manager is considering the DeFi coin. The new YFI entity was incorporated as a Statutory Trust in Delaware on Feb. 10, 2021. Grayscale now has 33 registered trusts in the state, though only nine are active, based on the fund manager's AUM reports. This includes the industry-leading Bitcoin Trust, which has nearly $30 billion in assets.....
Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto Market Goes Into “Extreme Greed,” What This Means For Bitcoin The asset manager had gradually increased its ETH holdings over time, adding almost 20,000 ETH to its portfolio back in February. The recent filings show that the New York-based asset manager has....
Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for Yearn Finance (YFI).