Grayscale Investments Crypto Asset Manager Announces Stellar Lumens Trust for XLM Token


Grayscale Investments, LLC announced today the launch of Grayscale Stellar Lumens Trust. It is the world’s first single-asset investment product offering exposure to Lumens (XLM), their digital coin.

Managing Director of Grayscale Sonnenshein had this to say about today’s launch:

“We are pleased to bring Grayscale Stellar Lumens Trust to market and will continue to provide investors access to established blockchain projects with substantial traction and resources. Grayscale has established a leadership role in this emerging industry and the launch of this product will expand our coverage of the digital asset universe.”

Their first 8 single-assets have been renamed as follows to reflect the company:

  • Grayscale Bitcoin Trust™
  • Grayscale Bitcoin Cash Trust™
  • Grayscale Ethereum Trust™
  • Grayscale Ethereum Classic Trust™
  • Grayscale Horizen Trust™
  • Grayscale Litecoin Trust™
  • Grayscale XRP Trust™
  • Grayscale Zcash Trust™

Stellar is a platform connecting accredited and institutional investors to its native currency, Lumens, as well as the other 8 single-assets for easy use international conversion and transferring of money both quickly and securely. Its mission: fight poverty and help with individual financial growth and security. Grayscale is not an affiliation or offshoot of the Stellar Development Foundation.

As a subsidiary of Digital Currency Group, Greyscale is responsible for investing in, building up, and buying into more than 130 blockchain companies around the world.

About Grayscale

Being the world’s largest digital currency asset manager, Grayscale is “A trusted authority on digital currency investing, Grayscale provides secure access and diversified exposure to the digital currency asset class.”- https://grayscale.co/#

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