Grayscale Investments, the world’s largest cryptocurrency asset management firm, has more than $5 billion worth of assets under its management. Reportedly, the firm is now looking to expand the number of trusts as Mystery filings using Grayscale’s name suggest multiple new crypto products might be en route.
A filing at the State of Delaware’s Division of Corporations reveals that a Grayscale Chainlink Trust has been set up on December 18, 2020. During the same day, multiple other trusts, namely, a Basic Attention Token (BAT) Trust, Decentraland (MANA) Trust, Livepeer (LPT) Trust, and a Tezos (XTZ) Trust were also set up.
Even though this seems to be big news for holders of these assets, investors shouldn’t get too excited because the asset management is yet to make an official announcement. Some members of the community have expressed their doubts regarding the legitimacy of these filings because the registered agent for the Trust is listed as ‘Delaware Trust Company’ and not Grayscale.
However, it must be noted that the Delaware Trust Company is listed on the Grayscale website as one of its official Service Providers, and similar details have previously been used when filing its Bitcoin Trust in 2013.
But uncertainties remain because a similar trust for Filecoin (FIL) was created two months prior to this and it is yet to be made public.
In addition, Grayscale’s CEO and founder Barry Silbert has stepped down from office and is replaced by Michael Sonnenshein. The move happened just weeks after the inception of the above trust. As such, it is uncertain whether the new head will continue treading down this path or change strategies completely.
The last time Grayscale made a filing, it was with Stellar Lumens (XLM) Trust in October 2018. The Stellar Trust went live approximately six weeks after its inception. Most of Garysacle’s digital-asset trust normally went live within days of the legal forming date stated on Delaware’s Corporate Filing website.
A boost for Chainlink
Meanwhile, the Chainlink (LINK) community has been hyped about these reports and have taken to Twitter to show support for the filing. Many speculate that this filing would be a major boost for the project.
LINK recently surpassed Bitcoin Cash (BCH) to become the eighth-biggest cryptocurrency with a market cap of more than $9 billion and a fresh all-time high of $23.30. The token is currently trading at $20.41, up 1.4% over the past 24 hours.