Grayscale has incorporated six more trusts, including ones for Chainlink and Tezos

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.

Grayscale is the largest crypto asset manager in the world. It manages more than $25 billion worth of assets across its products. Its bitcoin product, however, boasts the lion's share of the total AUM at more than $21 billion.

About Author

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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