Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for decentralized finance platform Yearn Finance (YFI).
- Filed on Feb. 10, the Delaware corporate registry shows Grayscale is considering YFI as a future offering. A filing does not mean a trust will be forthcoming, just that one is being considered.
- As with other trusts filed previously, the registration was made by Delaware Trust Company, which is Grayscale's statutory trustee for the U.S. state.
- YFI acts as an entry point for users to access a host of DeFi products running on the Ethereum blockchain.
- On Jan. 27, Grayscale filed to register five new trusts for cryptocurrency assets, connected to the DeFi space, this included aave, cardano.
- New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.