The crypto-focused asset manager Grayscale has announced the launch of a new investment fund called the "Grayscale Space and Time Trust," offering investment opportunities in the SXT coin.
What Does the Space and Time Fund Promise?
The fund is backed by Microsoft and developed by MakeInfinite Labs. The aim of Space and Time is to provide verifiable real-time data processing for smart contracts and artificial intelligence. The protocol seeks to overcome existing Blockchain limitations by combining decentralization with the performance of traditional data processing platforms.
Market Reaction to the Fund Announcement
The announcement of the fund caused an immediate reaction in the SXT coin’s market valuation. According to CoinMarketCap data, the altcoin's price increased by 3.25%, reaching $0.07551 within the 24-hour period ending Wednesday morning.
Fund Attracts Institutional Capital
The Grayscale Space and Time Trust is designed for authorized investors meeting specific financial criteria. The daily subscription model allows participants to flexibly buy or sell fund shares. This exemplifies the growing interest of institutional capital in Blockchain projects.
The establishment of the Grayscale fund for the SXT coin marks a significant step in enhancing the company's reputation within the crypto sector, focusing on the integration of traditional data systems with Blockchain technologies.
