A fund to govern them all – To date, the Grayscale investment fund has focused primarily on the cryptosystems that are best installed in the ecosystem. But this position is changing, with the potential addition of many more projects.
Grayscale in the assault on the DeFi
With currently $25 billion in assets under management, Grayscale has so far mainly targeted renowned cryptomoney companies.
However, the firm seems to want to broaden its offer, by proposing new products based on other cryptos.
Having recently completed the documents relating to the creation of new funds for BAT, LINK, XTZ, MANA, LPT and FIL tokens, it is now the turn of several tokens from DeFi or competitors in Ehtereum to be explored.
Thus, Grayscale has submitted 5 new applications for the following cryptosystems:
As we can see, this selection of projects is very heterogeneous. Indeed, it presents both DeFi projects, such as the decentralized lender Aave, as well as blockchains with smart contracts, competitors to Ethereum, such as Polkadot, Cosmos or Cardano.
Interesting point: where many exchange platforms choose to suppress anonymizing cryptomonnaies, Grayscale makes the choice to explore the Monero.
Obviously, Grayscale leaves itself the choice to add or not to add these funds, as was the case for the previous documents filed. « A filing does not mean that we will bring a product to market, » explained Grayscale’s CEO at the time of the previous filing.