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Grayscale May Have Laid Groundwork for 5 More Potential Crypto Trusts

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·1 min read
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The world’s largest digital asset manager, Grayscale Investments, looks to be preparing for possible launches of new single-asset trusts for a number of cryptocurrencies.

  • Trusts for five digital assets were filed with Delaware’s corporations registry on Dec. 18, 2020: chainlink, basic attention token, decentraland, livepeer and tezos.

  • The filings were not made by Grayscale itself but by Delaware Trust Company, which is listed as the firm’s “statutory trustee” for the U.S. state in Grayscale documentation.

  • “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,” the company told CoinDesk via email.

  • As such, the filings could offer a hint of which crypto trusts are likely to be launched down the road.

  • A registration for the Filecoin Trust was also made on Oct. 15, 2020.

  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

See also: Grayscale Investments Begins Dissolution of XRP Trust Citing Ripple SEC Suit

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