Grayscale, a prominent digital asset manager, has introduced the Grayscale Horizen Trust (HZEN), which allows eligible investors to access ZEN tokens via a regulated investment product.
The decision by Grayscale to allow the Horizen Trust to be available for purchase by qualified investors comes at a time when institutional investment in cryptocurrencies has skyrocketed; this has seen some of the biggest companies make huge purchases, especially with the launch of Bitcoin Exchange-Traded Funds (ETFs).
Grayscale launched the Horizen Trust for secure ZEN token exposure
The Horizen Trust is designed to offer investors a secure and regulated way to gain exposure to ZEN tokens. ZEN tokens are part of the Horizen blockchain platform, known for its focus on privacy and scalability. A Grayscale Horizen Trust offering ZEN tokens in the form of securities exemplifies the firm’s move toward bridging traditional finance and cryptocurrency markets. Designed for accredited and institutional investors, the fund provides secure and compliant entry into Horizen’s blockchain ecosystem.
Grayscale expands portfolio with new cryptocurrency Trusts
Grayscale is well known for its Bitcoin and ETH exchange-traded funds (ETFs), including Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE).
As of December 16, the Grayscale Horizen Trust was trading at a market price of $6.40 per share, managing approximately $8.7 million in assets.
This launch further expands Grayscale’s growing portfolio of cryptocurrency funds. Recently, the firm unveiled trusts for Lido DAO (LDO) and Optimism (OP), giving investors access to the Grayscale Lido DAO Trust and Grayscale Optimism Trust.
With these new products, customers now have access to two important Ethereum ecosystem projects for institutional investors.
In addition, Grayscale Investments recently announced the launch of the “Grayscale Chainlink Trust,” designed to give institutional investors the possibility to participate in Chainlink (LINK) through a regulated security. This trust passively invests in LINK, thus eliminating the burden of holding or managing cryptocurrency directly.
Earlier in the year, Grayscale also launched three trusts to invest in the native protocol tokens of Sky (previously MakerDAO), Bittensor, and Sui, respectively.
Grayscale’s announcement underscores the growing acceptance and integration of digital assets into mainstream investment portfolios. United States regulators are mulling permitting Grayscale Digital Large Cap Fund (GDLC), which holds a diverse portfolio of cryptocurrencies, as an ETF.
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