STAMFORD, Conn., Nov. 16, 2022 (GLOBE NEWSWIRE) — Grayscale Investments®, the world’s largest digital foreign money asset supervisor, at the moment reaffirmed that the protection and safety of the holdings underlying Grayscale’s digital asset merchandise are unaffected by latest market occasions and proceed to function enterprise as common.*
Genesis World Capital, LLC – a subsidiary of Genesis World Buying and selling, Inc., Grayscale’s affiliate – at the moment introduced that it’s quickly suspending redemptions and new mortgage originations. Genesis World Capital shouldn’t be a counterparty or service supplier for any Grayscale digital asset product, and as such, its latest announcement won’t affect any Grayscale digital asset merchandise’ operations.
Grayscale and Grayscale’s digital asset merchandise are prohibited from encumbering the digital belongings underlying its merchandise pursuant to the phrases of the belief settlement or restricted legal responsibility firm settlement governing every digital asset product, and the custodian for the belongings, Coinbase Custody Belief Firm, LLC, is prohibited from participating in such exercise, as outlined within the merchandise’ corresponding custody agreements.
Grayscale’s digital asset merchandise proceed to commerce and, the place relevant, produce SEC and OTC Markets experiences and audited monetary statements. Experiences with further details about Grayscale’s digital asset merchandise, custody of belongings, and repair suppliers are publicly out there at https://grayscale.com/sec and https://grayscale.com/otc-documents/.
“Grayscale’s digital asset merchandise are designed to offer buyers with safe, clear entry to the crypto ecosystem,” stated Grayscale CEO Michael Sonnenshein. “Whereas this can be a troublesome time for a lot of, the Grayscale crew stays unwaveringly assured in the way forward for the crypto trade. Our crew has been and can proceed to advocate for higher regulatory readability for our buyers, and we hope to see optimistic momentum in that regard within the months forward.”
*Grayscale’s digital belongings merchandise embrace Grayscale Bitcoin Belief (BTC), Grayscale Fundamental Consideration Token Belief (BAT), Grayscale Bitcoin Money Belief (BCH), Grayscale Chainlink Belief (LINK), Grayscale Decentraland Belief (MANA), Grayscale Ethereum Belief (ETH), Grayscale Ethereum Traditional Belief (ETC), Grayscale Filecoin Belief (FIL), Grayscale Horizen Belief (ZEN), Grayscale Litecoin Belief (LTC), Grayscale Livepeer Belief (LPT), Grayscale Solana Belief (SOL), Grayscale Stellar Lumens Belief (XLM), Grayscale Zcash Belief (ZEC), Grayscale Decentralized Finance (DeFi) Fund LLC, Grayscale Digital Massive Cap Fund LLC, and Grayscale Sensible Contract Platform Ex-Ethereum Fund LLC.
This press launch shouldn’t be a proposal to promote or the solicitation of a proposal to purchase any safety in any jurisdiction the place such a proposal or solicitation could be unlawful, nor shall there be any sale of any safety in any jurisdiction wherein such provide, solicitation or sale could be illegal previous to registration or qualification underneath the securities legal guidelines of that jurisdiction.
About Grayscale Investments®
Grayscale allows buyers to entry the digital economic system by a household of safe, compliant, and future-forward funding merchandise. Based in 2013, Grayscale has a confirmed monitor document and deep experience because the world’s largest digital foreign money asset supervisor. Buyers, advisors, and allocators flip to Grayscale for single asset, diversified, and thematic publicity. Grayscale merchandise are distributed by Grayscale Securities, LLC (Member FINRA/SIPC). For extra data, please observe @Grayscale or go to grayscale.com.