Grayscale has incorporated six more trusts, including ones for Chainlink and Tezos
January 22, 2021, 1:43PM EST
1 min read
Crypto asset manager Grayscale has incorporated six more trusts, including those tied to Chainlink (LINK) and Tezos (XTZ) tokens.
The trusts were formed by Delaware Trust Company, Grayscale's "statutory trustee," in recent months.
Besides LINK and XTZ, the other four trusts include Basic Attention Token (BAT), Decentraland (MANA), Livepeer (LPT), and Filecoin (FIL). All the six trusts were formed in December, except the FIL trust, which was incorporated in October.
The trust formations do not mean Grayscale will launch these products, Michael Sonnenshein, CEO of Grayscale Investments, told The Block.
"Grayscale is always looking for opportunities to offer products that meet investor demands. Occasionally, we will make reservation filings, though a filing does not mean we will bring a product to market. Grayscale has and will continue to announce when new products are made available to investors," said Sonnenshein.
Adidas Originals, a brand of the German sportswear clothing firm Adidas, announced a partnership with the crypto exchange Coinbase in a Wednesday tweet. Details about the partnership are scant, however.