Grayscale, one of the largest asset management companies, has announced the launch of a new fund providing access to the altcoin Space and Time.
Launch of Grayscale Space and Time Trust
Grayscale announced the establishment of the Grayscale Space and Time Trust to provide access to the altcoin Space and Time (SXT). This new investment product opens opportunities for both individual and institutional investors.
Objectives and Opportunities of SXT
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, emphasized the importance of transparency in this new era of computing. She stated that verifiable data is crucial for trusting the underlying datasets used for AI and smart contracts. The Grayscale Space and Time Trust provides access to a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide array of use cases across Web 2.0 and Web 3.0.
Market Reaction and Investor Response
According to an official statement from Space and Time, the Trust is now live and offers institutional investors exposure to SXT, the native token critical for securing the network and facilitating payments for data processing. Following the announcement, SXT, listed on Binance, saw a rise of over 15% in the last 24 hours.
The launch of the Grayscale Space and Time Trust highlights the growing interest in new altcoins and innovative technologies within the crypto industry, focusing on ensuring reliable data for future applications.
