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Grayscale is Considering 13 new Defi assets for its trusts!

Grayscale Investments, the world’s largest digital asset manager, has announced the addition of 13 more crypto assets to its decentralized finance (DeFi) portfolio. It also appears to have laid the groundwork for cryptocurrency trusts in the decentralized finance (DeFi) arena.

Potential assets include 1inch, Bancor, Curve, Kava, Kyber Network, Loopring, Polygon, Ren, Universal Market Access, and 0x, as well as a variety of Decentralized Finance (DeFi) tokens, which were revealed on June 18. Not all of the assets under evaluation will be offered as investment products, according to the firm. 

The additional additions raise Grayscale’s overall number of assets investigated to 31. Grayscale presently offers 13 different asset performance monitoring tools.

Grayscale said it was revising its list of assets under consideration as part of its commitment to transparency in its most recent statement. Grayscale further stresses that due to internal controls, custody agreements, and restrictions, not all assets under consideration will be offered as investment products. 

Grayscale emphasises that “not every asset under consideration will be made into one of [its] investment products,” which appears to be the case with previously stated assets under consideration including Cardano, Eos, and Tezos.

Grayscale has a long history of connecting investors to innovative financial opportunities. They first unveiled their original list of 23 potential crypto-assets in February of this year.

Also, Basic Attention Token Trust, Chainlink Trust, Decentraland Trust, Filecoin Trust, and Livepeer TrUst were among five new digital currency investment trusts created in May.

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Crypto Journalist and Editor of guest articles in CoinPedia. Also, Outreach & Partnerships Manager. Contact me: [email protected]

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