Grayscale poised to launch Chainlink and Tezos-based investment trusts

On December 18, filings were submitted to the Delaware Department of State’s Division of Corporations for the registration of Grayscale Chainlink Trust and Grayscale Tezos Trust. In Cointelegraph, it was suggested that the asset manager quietly sought to broaden options for its clients.

The publication noted that on the same day, similar requests were filed for trusts based on Basic Attention Token (BAT), Decentraland (MANA) and Livepeer (LPT).

The company did not confirm authorship of the initiative. Some filings were submitted on behalf of Delaware Trust Company. The latter is Grayscale’s legal representative in Delaware, according to documents.

The publication stressed that filing does not mean the investment product will appear on the market subsequently. For example, this happened with the Filecoin (FIL) trust, for which the company filed an application in October.

The publication also notes that the emergence of new products may run counter to the views of Grayscale’s new head Michael Sonnenschein, who replaced founder Barry Silbert in this post.

Grayscale Investments runs nine different cryptocurrency-based trusts. In January the company announced the liquidation of its XRP-based investment product.

On January 18, Grayscale increased the assets of the Bitcoin Trust (GTBC) by 16,244 bitcoins worth almost $600 million. Over the week, the company drew a record $1.2 billion to GTBC.

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