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Finance

Digital Asset Manager Grayscale Eyes DeFi Space With New Trust Filings

Trusts for aave, cosmos and polkadot, as well as privacy coin monero and cardano, have been registered in Delaware.

By Daniel Palmer
AccessTimeIconJan 28, 2021 at 11:38 a.m. UTC
Updated May 9, 2023 at 3:15 a.m. UTC
Grayscale CEO Michael Sonnenshein
Grayscale CEO Michael Sonnenshein

Grayscale Investments, the world's largest digital asset manager, has filed to register five new trusts for cryptocurrency assets, several being connected to the decentralized finance (DeFi) space.

  • All filed on Jan. 27, the Delaware corporate registry now lists trusts for aave, cosmos and polkadot, as well as privacy coin monero and cardano.
  • As with other trusts filed previously, the registrations were made by Delaware Trust Company, which is Grayscale's statutory trustee for the U.S. state.
  • The filings do not, however, mean that trusts will necessarily be launched for the four new assets, but do indicate that the asset manager is laying the groundwork for potential launches.
  • As CoinDesk reported on Jan. 22, Grayscale has registered trusts for chainlink, basic attention token, decentraland, livepeer, tezos and filecoin in the last few months.
  • The company said at the time: "Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. "
  • New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

EDIT (11:55 UTC, Jan. 28 2021): Added that a cardano trust has also been registered.

See also: What DeFi Has in Common With Cubism

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CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.