Grayscale Debuts First Investment Trusts for Sui’s Core Protocols
Main Idea
Grayscale has launched its first investment trusts for Sui’s core protocols, offering accredited investors direct exposure to the native tokens of Sui’s DeepBook and Walrus protocols.
Key Points
1. Grayscale is offering investment trusts for DEEP and WAL tokens, which are native to Sui’s DeepBook and Walrus protocols.
2. DeepBook is a decentralized central limit order book (CLOB) on the Sui blockchain, serving as a foundational liquidity layer for the ecosystem.
3. Walrus is a blockchain-based data protocol facilitating participation in Sui’s DeFi, social, and gaming use cases.
4. Grayscale is known for its Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) and is expanding into niche areas of the crypto market.
5. The investment trusts are aimed at accredited investors, providing them with direct exposure to these specific tokens.
Description
Digital asset investment platform Grayscale has launched two new single-asset trusts providing exposure to Sui protocols DeepBook and Walrus. The Grayscale DeepBook Trust and Grayscale Walrus Trust invest solely in the native DEEP and WAL tokens, respectively. DeepBook is a decentralized central limit order book (CLOB) built on the Sui blockchain. It serves as a foundational liquidity layer for the Sui ecosystem, meaning that it provides the underlying infrastructure for decentralized exchanges ...
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