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Grayscale made an important announcement today. The firm confirmed that it has begun work on the addition of several new product offerings. Grayscale is currently preparing to list the following 23 digital assets as part of meeting investors’ demands for additional cryptocurrencies for cryptocurrencies.

 

The 23 new digital assets are:

  • Aave (AAVE)
  • Basic Attention Token (BAT)
  • Cardano (ADA)
  • Chainlink (LINK)
  • Compound (COMP)
  • Cosmos (ATOM)
  • Decentraland (MANA)
  • EOS (EOS)
  • Filecoin (FIL)
  • Flow (Dapper Labs) (FLOW)
  • Livepeer (LPT)
  • Makerdao (MKR)
  • Monero (XMR)
  • Numeraire (NMR)
  • Polkadot (DOT)
  • Reserve Rights (RSR)
  • Stacks (STX)
  • Sushiswap (SUSHI)
  • Synthetix (SNX)
  • Tezos (XTZ)
  • The Graph (GRT)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

 

Grayscale CEO Michael Sonnenshein reiterated that the possible expansion of product offerings was driven by investors’ demand.

We want to expand our product offerings in order to better serve our investors. The digital currency universe is constantly evolving, and we strive to identify bold, interesting and innovative opportunities that meet our investors’ demand for different exposure to this evolving asset class.

We may not be able to turn each of these assets into one of our landmark investment products. However, as a company that is at the forefront of combining the old financial system with the new, digital currency-based financial system, we see it as our responsibility to introduce investors to greater diversity in this area.

Every new Trust gets under intense scrutiny

Grayscale currently offers accredited investors access to eight investment trusts and one diversified fund. The announcement by Grayscale confirmed previous speculation that the firm is in the process of building trust for Uniswap (UNI), Yearn Finance and Compound (COMP), as well as DeFi tokens, specifically for Chainlink, Cardano, Cosmos, Basic Attention Token.

See Also
Grayscale adds MANA, FIL, LINK, BAT as well as over 5.5 million XLM to its portfolio

Each potential Trust will be reviewed and evaluated against internal controls, adequate custody regulations and regulatory approvals.

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