Grayscale Investments, the world’s largest cryptocurrency asset manager, has broadened its product lineup with the introduction of the Grayscale Avalanche Trust.
Grayscale’s new trust will allow exposure to AVAX
The newly launched Avalanche Trust offers investors a gateway to gain exposure to AVAX, the native token of the Avalanche blockchain.
Avalanche has gained attention for its unique three-chain architecture, designed to balance scalability, security, and decentralization.
As per the details from the press release, the platform has positioned itself at the forefront of real-world asset (RWA) tokenization through strategic partnerships with leading companies.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product & Research, emphasized the importance of this launch. He stated that it underscores Grayscale’s dedication to providing innovative opportunities aligned with exciting developments in the crypto ecosystem.
The focus on Avalanche’s role in advancing RWA tokenization highlights a growing trend in the industry towards bridging traditional finance with blockchain technology.
Like Grayscale’s other single-asset trusts, the Avalanche Trust is open for daily subscription by eligible accredited investors. The firm cautions that shareholders should be prepared to bear the risk of investment indefinitely.
This launch follows Grayscale’s recent introduction of trusts for Bittensor and Sui.
Also Read: $DOGS Token Debuts on Major Exchanges, Targets Telegram Utility
Source: https://www.cryptonewsz.com/grayscale-launches-avalanche-trust-to-grow-crypto-presence/