Grayscale, a prominent digital asset management firm, has introduced the Grayscale Horizen Trust (HZEN), which allows qualified investors to access ZEN tokens via a regulated investment product.
Grayscale’s decision to allow Horizon Trust to be available for purchase by qualified investors comes at a time when institutional investment in cryptocurrencies has skyrocketed, with some of the largest companies making massive purchases, especially with the launch of Bitcoin exchange-traded funds.
Grayscale Launches Horizen Trust for Secure Exposure to ZEN Token
Horizen Trust is designed to provide investors with a secure and regulated way to acquire ZEN tokens. ZEN tokens are part of the Horizen blockchain platform, known for its focus on privacy and scalability. The Grayscale Horizen Trust, which offers ZEN tokens in the form of securities, embodies the company’s move to bridge traditional finance and crypto markets. Designed for accredited and institutional investors, the fund provides secure and compliant access to Horizen’s blockchain ecosystem.
Grayscale Expands Portfolio With New Cryptocurrency Trust Funds
Grayscale is best known for its Bitcoin exchange-traded funds (ETFs), including the Grayscale Bitcoin Trust (GBTC) and the Grayscale Ethereum Trust (ETHE).
As of December 16, Grayscale Horizen Trust was trading at a market price of $6.40 per share, and had assets under management of approximately $8.7 million.
This launch expands Grayscale’s growing portfolio of cryptocurrency funds. The company recently unveiled trusts for Lido DAO (LDO) and Optimism (OP), giving investors access to the Grayscale Lido DAO Trust and Grayscale Optimism Trust.
With these new products, customers now have access to two important projects in the Ethereum ecosystem for institutional investors.
Additionally, Grayscale Investments recently announced the launch of the “Grayscale Chainlink Trust,” designed to give institutional investors the ability to participate in Chainlink (LINK) through a regulated escrow. This trust passively invests in LINK, eliminating the burden of holding or directly managing the cryptocurrency.
Earlier this year, Grayscale also launched three investment funds to invest in Sky (formerly MakerDAO) native protocol tokens, Bittensor, and Sui, respectively.
Grayscale’s announcement underscores the growing acceptance and integration of digital assets into mainstream investment portfolios. U.S. regulators are considering allowing the Grayscale Digital Large Cap Fund (GDLC), which holds a diverse portfolio of cryptocurrencies, as an exchange-traded fund.