With New Trust Filings, Digital Asset Manager Grayscale Eyes DeFi Space

[Cordillerabit]

"In Delaware, trusts have been registered for aave, cosmos, and polkadot, as well as privacy coin monero and cardano.

Grayscale Investments, the largest digital asset manager in the world, has filed for the registration of five new cryptocurrency asset trusts, several of which are linked to the decentralized finance (DeFi) region.

The Delaware cooperation registry now lists trusts for aave, cosmos (ATOM, +15.87 percent) and polkadot, as well as privacy coin monero (XMR, +4.77 percent) and cardano (ADA, +7.21 percent) for all filed on Jan. 27.
The registrations were made by Delaware Trust Company, which is Grayscale's statutory trustee for the U.S. state, as with other trusts filed earlier.
However, the filings do not imply that trusts for the four new assets will necessarily be launched, but they do indicate that the asset manager is laying the groundwork for potential launches.
Grayscale has registered trusts in the last few months for chainlink (LINK, +12.46 percent), basic attention token (BAT, +10.29 percent), decentraland (MANA, +4.82 percent), livepeer, tezos (XTZ, +7.08 percent) and filecoin, as CoinDesk reported on Jan. 22.
"Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. "Occasionally, we will make reservation filings, although a filing does not mean that we will market a product.
New York-based Grayscale is owned by CoinDesk's parent company, Digital Currency Group.

Source: Bityard