Grayscale Investments launched a fund for DeFi tokens – Bits Media

Grayscale Investments has announced the creation of the Grayscale Defi Fund fund, decentralized financing focused on tokens (DeFi).

GRAYSCALE General Director Michael Sonnenshain (Michael Sonnenhein) reported, that thanks to this fund private and institutional Accredited investors will be able to access the leading Defi tokens without the need to make a direct purchase.

This is the fifteenth Grayscale product, cryptocurrency. The launch of the new fund is due to the topics, that the Defi market is becoming more attractive for large companies. Grayscale plans to launch the fund in the secondary market, However, there are no guarantees, that the initiative will be successful.

Many factors can influence this, including the actions of the US Securities and Exchange Commission (SEC) and agencies for regulating the activities of financial institutions (FINRA), The General Director of Grayscale said.

Sonnenshain also spoke in relation to other investment instruments in cryptocurrencies. He hopes, that soon US regulators will approve of the launch of traded exchange funds (ETF) of bitcoin. Previously, the company expressed the willingness to convert the Grayscale Bitcoin Trust. (GBTC) In ETF Bitcoin after sec consent.

“We are ready to provide customers with reliable and safe access to the ecosystem of digital assets. The appearance of the protocols of decentralized financing clearly demonstrates, how can you change the future of the financial industry. We count, that with the introduction of Defi, a brilliant future awaits her ", - said Sonnenshain.

To track prices for Defi tokens, the new Coindesk Defi Index index will be used. It was created by TradBlock, which is one of the first in 2014 a year has developed the XBX Index index to track bitcoin. In January, the Coindesk cryptocurrency edition announced the purchase of Tradblock, However, the amount of the transaction remains unknown.

“Partnership with Grayscale proves our leadership in creating digital currencies at the institutional level. Given the increased interest in Defi, It is important for investors to have data and tools, which will help to diversify their investment portfolio with decentralized finances ", - said the managing director of Coindesk Indexes Jodi Gunzberg (Jodie Gunzberg).

According to Grayscale, for the IV quarter 2020 Investors invested in the cryptocurrency funds of the company about $3.3 billion. In March this year, Grayscale launched five new Bat cryptocurrencies, LINK, MANA, Fil i lpt.