Grayscale Launches Five New Investment Products
2 min read
Leading digital currency investment firm Grayscale® has recently announced the launch of five new products: Basic Attention Token Trust (BAT), Chainlink Trust (LINK), Decentraland Trust (MANA), Filecoin Trust (FIL) and Livepeer Trust (LPT).
Grayscale® Basic Attention Token Trust (BAT)
BAT works as a native digital currency for Brave, a blockchain-based digital advertising and services platform and a subnetwork of the ETH Network. BAT is designed to deal with privacy, fraud and security issues that may come with traditional web browsing and digital advertising.
Grayscale® Chainlink Trust (LINK)
Chainlink is a decentralized network that connects smart contracts to off-chain data for markets, events and payments — linking the real world data and public blockchains. The LINK is utilized as a payment token within the Chainlink ecosystem and as the collateral that the node operators providing data services need.
Grayscale® Decentraland Trust (MANA)
MANA is the token that Decentraland uses as its native digital currency. Decentraland is a peer-to-peer virtual reality platform and a subnetwork of the ETH Network. Users can use MANA as the unit of account to pay for goods and services within Decentraland.
Grayscale® Filecoin Trust (FIL)
FIL is a digital asset that gets created and transmitted via the peer-to-peer Filecoin Network’s operations. With the decentralized network of computers, anyone can buy or sell excess computer storage. In comparison to centralized cloud computing providers, Filecoin Network provides cloud storage services that are more efficient, resilient and cost-effective.
Grayscale® Livepeer Trust (LPT)
LPT is the native digital currency of Livepeer Network, which is a subnetwork on the ETH Network. Livepeer focuses on building a decentralized video broadcasting and streaming platform. It strives to provide a solution to video infrastructure that is cheaper, more scalable and censorship-resistant by
Each of the products is structured as a Delaware Grantor Trust, much like Grayscale’s other single currency vehicles. They will solely and passively hold the underlying asset.
Grayscale will attempt to get the new products’ shares quoted on a secondary market, much like the firm’s six publicly-traded investment vehicles (Grayscale BTC Trust (GBTC), Grayscale BTC Cash Trust (BCHG), Grayscale ETH Trust, (ETHE), Grayscale ETH Classic.
Prices of the above five tokens were up sharply as soon as the news broke out.
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