On July 31, 2025, Grayscale officially launched the Story Protocol Trust, aimed at copyright management in the era of artificial intelligence.
Launch and Objectives of the Trust
Grayscale launched the Story Protocol Trust on July 31, 2025, providing accredited investors with access to the IP token. The Trust focuses on tokenizing intellectual property, with an emphasis on managing copyright related to generative AI. Grayscale's CEO Michael Sonnenshein noted that the product aligns with current generative AI trends.
CITE_W_A: "This trust is designed for the transformative age of generative AI, enabling on-chain copyright management with programmable assets," - Michael Sonnenshein.
Market Impact and Investor Interest
The launch of the Trust had an immediate effect on financial markets, causing a 7-10% price increase in the IP token, which is now trading at $6.52. Trading volume exceeded $100 million that week, reflecting significant institutional inflows. The market capitalization of the IP token surged to over $1.8 billion.
Regulatory and Institutional Insights
Regulatory and institutional updates confirmed that the Trust is exclusive to accredited investors under SEC Rule 501(a). No updates regarding SEC statements or ETF filings were disclosed during the launch. Historical precedents indicate potential futures for AI-driven intellectual property management similar to earlier Grayscale trusts for BTC and ETH.
The launch of the Grayscale Story Protocol Trust underscores the importance of copyright management in the new tech era, opening new avenues for both investors and creative industries.
