Polygon, Solana, DeFi on Grayscale's Radar
Key Takeaways
- Grayscale is exploring 13 cryptocurrencies to potentially offer to clients.
- The list includes Solana, Polygon, and a range of DeFi tokens.
- The firm clarified that not all assets under its consideration will be offered as an investment products.
Grayscale is exploring 13 new cryptocurrencies as tentative investment offerings, including Polygon and Solana’s native tokens.
Grayscale Considering 13 New Assets
Grayscale is weighing up adding a new list of assets to its range of products.
The investment giant published a blog post listing 13 new “assets under consideration” Thursday. The category represents assets Grayscale may support in the future. Included in the list were a number of scalable networks that either compete or offer interoperability with Ethereum, such as Solana, Polygon, Internet Computer, and NEAR.
The list also includes a variety of DeFi tokens including 1inch, Bancor, Curve, Kava, Kyber, Loopring, Ren, and 0x.
Grayscale previously announced that it was exploring 23 potential offerings in February; the list included projects like Aave, MakerDAO, and Polkadot.
Grayscale is the largest digital asset manager worldwide, with over $34 billion in assets under management as of last week. The firm operates trust funds and sells shares that give accredited investors exposure to various standalone cryptocurrencies.
In its latest announcement, Grayscale said it was updating its list of assets under consideration as part of its commitment to transparency. Grayscale further clarified that not all assets under its consideration will be offered as investment products due to factors such as internal controls, custody arrangements, and regulations.
Grayscale’s long list of tentative new offerings indicates that the firm is preparing to meet investors’ growing interest in areas like DeFi and highly scalable blockchains.
In regards to single-asset investment products, the firm currently offers 13 cryptocurrencies, many of which its parent entity Digital Currency Group has made direct investments into.
These include single asset trust funds in Bitcoin, Ethereum, Bitcoin Cash, Ethereum Classic, Litecoin, Horizen, Basic Attention Token, Chainlink, Decentraland, Filecoin, Livepeer, Stellar Lumens, and ZCash.
It also offers a diversified fund called the Grayscale Large Cap Trust.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
See full terms and conditions.
Source: Read Full Article
