Grayscale launches Stellar Lumens investment trust

Grayscale Investment, a cryptocurrency asset management firm, announced the launch of its Grayscale Stellar Lumens Trust on Thursday, which provides investors with exposure to Lumens (XLM), the native asset of the Stellar network.

This investment product is the ninth single-asset product launched by Grayscale. The firm also sponsors products that provide exposure to bitcoin, bitcoin cash, ether, ethereum classic, horizen, litecoin, XRP, and zcash.

Stellar is a distributed remittance platform connecting financial institutions, payment systems, and individual users. Stellar's native asset, Lumens, enables users to move money quickly and reliably at little to no cost.