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Grayscale Launches New MakerDAO Trust Amid Growing Crypto Interest

13.08.2024 17:27 1 min. read Alexander Stefanov
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Grayscale Launches New MakerDAO Trust Amid Growing Crypto Interest

Grayscale Investments has unveiled its latest offering, the Grayscale MakerDAO Trust, which provides institutional investors with a straightforward way to invest in the MKR token.

This addition expands Grayscale’s suite of crypto investment products, designed to simplify exposure to digital assets.

Grayscale, a major name in digital asset management, now features over 20 investment products in its portfolio. The new Grayscale MakerDAO Trust targets investors interested in MakerDAO’s ecosystem, a decentralized platform on Ethereum known for stablecoins and asset-backed loans.

This trust mirrors the structure of Grayscale’s existing single-asset products, focusing solely on MKR.

Rayhaneh Sharif-Askary from Grayscale noted that the trust responds to increasing demand and offers investors a way to tap into MakerDAO’s growth potential while reducing dependence on traditional finance.

Grayscale has also recently introduced the Grayscale Bittensor Trust and Grayscale Sui Trust, which invest in TAO and SUI tokens, supporting advancements in decentralized AI and scalable smart contracts.

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