World’s Largest Digital Asset Manager Allegedly Lays Groundwork For Five More Digital Asset Trusts

Grayscale Investments, the world’s biggest virtual asset manager, appears to be formulating for probable unveiling of new single-asset trusts for a number of digital assets.

Trusts for Basic Attention Token, Chainlink, Livepeer, Decentraland, and Tezos were all lately registered in Delaware. Trusts for the five virtual assets were filed with Delaware’s corporation’s registry on 18th December, 2020.

It is to be noted that the filings were not made by Grayscale itself. Nevertheless, they were done by Delaware Trust Company, which is listed as the company’s “statutory trustee” for the U.S. state in Grayscale documentation. Notably, New York-based Grayscale is owned by Digital Currency Group, the parent company of crypto media outlet CoinDesk.

The company mentioned,

“Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors.”

Moreover, a registration for the Filecoin Trust was also made on 15th October, 2020. By itself, the filings could give an indication of which cryptocurrency trusts are expected to be launched down the road.