New Investment Opportunities: Grayscale Launches Trusts for DeepBook and Walrus Tokens

Grayscale Launches Investment Trusts for DeepBook and Walrus Tokens

Grayscale Investments has announced the launch of two new investment trusts focused on the DeepBook (DEEP) and Walrus (WAL) tokens. These trusts will provide accredited individual and institutional investors with direct access to the performance of these assets through daily private placement subscriptions.

The newly launched trusts are designed to hold only one asset each, allowing for a straightforward and easy way to invest in these relatively new projects. It is essential to note that there is no guarantee that these products will be approved for secondary market trading, following the same model as Grayscale’s other single-asset offerings.

DeepBook and Walrus protocols operate within the Sui blockchain ecosystem. DeepBook serves as a centralized order book that acts as a liquidity layer for decentralized finance (DeFi) applications. This design is intended to meet institutional-grade standards, making it an essential component for financial activities on the network.

On the other hand, Walrus functions as a data layer capable of storing and sharing information directly on-chain. It emphasizes scalability and privacy features while maintaining performance and security. The protocol is designed to be compatible with various blockchain environments, including Sui.

Grayscale advises that both DEEP and WAL tokens are recent projects and come with risks of high volatility and potential technical issues.

Source: crypto-economy.com