Grayscale Is Now Eyeing The DeFi Sector for its Institutional Clients

AAVE, Monero (XMR), Cardano (ADA), and Cosmos (ATOM) makes it to the list followed by last week’s Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), Decentralized (MANA), and Livepeer (LPT).


The world’s largest digital asset manager, Grayscale Investments, is not only focused on buying Bitcoin faster than it is being mined, but it is also ready to storm into other crypto assets as well.

This time, Grayscale’s focus is on the booming decentralized finance (DeFi) sector.

As per the latest filing, made on Jan. 27, the company aims to launch trust for DeFi blue-chip AAVE, a leading lending platform that is getting increasingly popular and recently revealed to be an application billionaire Mark Cuban is heavily involved in.

The registry also lists trusts for trending Polkadot (DOT), privacy coin Monero (XMR), Cardano (ADA), which switched to “proof of stake” last summer, and Cosmos (ATOM).

The filings were made by Delaware Trust Company, which is listed as Grayscale’s “statutory trustee” for the US states.

These new fillings came right on the heels of other filings for five crypto assets viz. Chainlink (LINK), Tezos (XTZ), Basic Attention Token (BAT), Decentralized (MANA), and Livepeer (LPT) with Delaware’s corporation registry, a week back. Before that, back in Oct. 2020, registration was also made for Filecoin Trust.

Interestingly, for its current products, Grayscale is focusing on buying the dips, when it comes to the leading digital asset.

Yet again this week, as the BTC price continued its weakness, GBTC added more than 2,000 BTC.

In Q4 of 2020, Grayscale “experienced unprecedented investor demand,” and record inflows were once again registered last week that saw Bitcoin sliding just under $29k.

While Grayscale continues to buy Bitcoin (BTC), Litecoin (LTC), Ethereum Classic (ETC), and Bitcoin Cash (BCH), the firm has yet to open its Ethereum (ETHE) product since it last made 131.25k ETH purchase on Dec. 9.

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