On Thursday, the Grayscale Investments firm that manages crypto-assets, announced that it has officially launched ZEN investment trust for accredited investors. This writes CoinDesk.
This investment trust, as its name implies, focuses exclusively on cryptocurrency Zen (formerly known as Zencash), characterized by its private characteristics. This is not the first one-active invest-Trast, outdoor Grayscale – the company has previously established similar trusts for bitcoin, Cash Bitcoin, Ethereum, Ethereum Classic, Litecoin, XRP and zcash for.
Trust, according to a press release, is already open to institutional and accredited investors. Its launch, according to co-founder Rob Zen Viglione, “marks an important milestone” for the platform Horizen:
“Grayscale thoroughly reviews and evaluates its investment products, seeking to offer institutional and accredited investors around the world regulated and professionally managed access to the market of digital currencies. Their values coincide with the mission of the Horizen to assist the growth of digital currencies, blockchain and privacy in diverse and global community.”
Shortly before that, Digital Currency Group (DCG), the parent company of Grayscale, said that adds Zen to the list of cryptocurrencies, “in which you can be sure”.
Founder and CEO of DCG Barry Silbert said that his company has focused on private cryptocurrencies, as he believes that “financial privacy will be a very, very important thing not only in emerging markets but also in the United States.”
According to Thursday’s press release, during the first six months of 2018 Grayscale attracted to investment trusts is approximately $ 250 million.
Although most of the company’s products are available only to accredited and institutional investors, the press release States that the invest-trusts Grayscale bitcoin and ether is also open to individual investors.
Discuss current news and events on the Forum