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Grayscale Launches MakerDAO Trust

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by Giorgi Kostiuk

a year ago

  1. Grayscale Launches MakerDAO Trust
  2. Benefits of the New Trust for Investors
  3. Recent Launches by Grayscale

    4. Grayscale, one of the leading crypto asset managers, has announced the launch of a new investment product focused on the governance token MakerDAO (MKR). This initiative provides new and existing investors the opportunity to expand their portfolio in the decentralized finance (DeFi) space.

    Grayscale Launches MakerDAO Trust

    Grayscale has announced the creation of a new fund, the Grayscale MakerDAO Trust, focused on investing in the governance token of the decentralized lending platform MakerDAO, which operates on the Ethereum blockchain. The company stated that this Trust would be open to individual and institutional accredited investors, providing them with access to MKR, the utility and governance token of the MakerDAO system.

    “The launch of the Grayscale MakerDAO Trust allows investors to experience the growth of the entire MakerDAO ecosystem and aims to eliminate DeFi’s dependency on traditional financial infrastructure by providing a permissionless, decentralized, and open stablecoin system.” Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale

    Benefits of the New Trust for Investors

    According to Rayhaneh Sharif-Askary, launching this Trust allows investors to follow the development of the MakerDAO ecosystem and reduce DeFi's dependence on traditional financial infrastructure.

    Grayscale is committed to expanding its product suite to meet the growing demand for cryptocurrency assets. Including MKR in their offering is a significant step in this direction, providing investors with a more comprehensive range of tools to diversify their investment portfolios.

    Recent Launches by Grayscale

    Last week, the company also launched Trust funds for Sui (SUI) and Bittensor (TAO). A few months ago, they introduced cryptocurrency funds for Near (NEAR), Render (RNDR), and Filecoin (FIL).

    These investment products allow investors to access promising cryptocurrency assets and follow their development, offering enhanced opportunities for diversification and potential growth.

    The launch of the new Grayscale MakerDAO Trust is a significant step forward for the company, providing innovative investment opportunities in the cryptocurrency market. Expanding Grayscale's product suite meets the needs of accredited investors seeking to leverage the benefits of the rapidly evolving DeFi market and reduce their reliance on traditional financial instruments.

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