Digital asset management company Grayscale said on Friday that it is exploring new investment products, and decentralized finance (DeFi) is the company’s focus.
In the announcement, Grayscale stated that it is considering using several new digital assets for potential new investment products. The company currently provides 8 single-asset investment trust funds and 1 diversified fund for qualified investors, and will continue to seek various methods to better satisfy investors’ increasing demand for digital assets through familiar, safe and regulated investment products. Increasing demand.
Grayscale is considering 23 digital assets, including: 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) and Yearn Finance (YFI).
Grayscale CEO Michael Sonnenshein said, “We are eager to expand our product range to better serve our investors. The digital currency field is constantly evolving, and we seek to find bold, interesting and innovative opportunities to meet our needs. The differentiated investment needs of investors for this emerging asset class.”
He emphasized, “We may not turn each of these assets into our investment products. But as a company that has always been at the forefront of connecting the traditional financial system with the new, digital currency-driven financial system, we think We have a responsibility to introduce investors to more diversity in this field.”
However, Grayscale also stated that the process of creating an investment product similar to the investment product structure Grayscale has already provided requires a lot of review and consideration, and is subject to a large number of internal controls, sufficiently secure custody arrangements and regulatory restrictions. Therefore, it does not guarantee that the assets listed in the above list will have corresponding investment products launched.
It is worth noting that in Grayscale’s list of concerns, well-known digital assets in the DeFi field such as Aave, Compound, MakerDAO, Reserve Rights, Sushiswap, Synthetix, Uniswap, and Year.Finance account for more than one-third of the share, which shows that The asset management company is optimistic about the decentralized financial sector.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.