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New Grayscale MakerDAO Trust Launched to Boost MKR

Key Points:

The Grayscale MakerDAO Trust is the new offering for investors, which features MKR, the governance token of MakerDAO.
The trust is a closed-end fund available exclusively for accredited individual and institutional investors.
Grayscale MakerDAO Trust does not allow direct redemptions, which can cause deviations in the price of shares.

Grayscale, the asset management giant, is well known for its massive Bitcoin and Ether exchange-traded funds and has launched another new one.

Grayscale MakerDAO Trust Launched for Eligible Purchasers

The giant announced on the day that it was launching the Grayscale MakerDAO Trust, which aims at providing exposure to investors for MakerDAO, which is nothing but the governance token used, known as MKR.

The Grayscale MakerDAO Trust is now open to qualified individual and institutional accredited investors. Like the firm’s other single-asset trusts, this new fund is a closed-end vehicle, too. That should help prevent price dislocations between shares’ secondary market prices and the actual value of the asset.

MakerDAO’s MKR Token Featured in New Grayscale Fund

The core of this fund is MKR, the native token of MakerDAO, which allows for access to multiple different components of decentralized finance: on-chain credit protocols, stablecoins, and real-world assets. MakerDAO is currently one of the larger DeFi projects, with over $7 billion in managed assets and a stablecoin, DAI, issuing over $5 billion.

The Grayscale MakerDAO Trust follows recent additions to the Grayscale portfolio. These have included funds for Bittensor’s TAO tokens, Layer 1 blockchain Sui’s SUI, as well as other decentralized AI projects, which are part of the general diversification of investments in digital assets for the firm.

The trust would grant accredited investors a structured channel to get involved with the DeFi market via the innovative governance and utility token created by MakerDAO.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.