According to PANews, asset management company Grayscale has launched a new fund focusing on MakerDAO governance tokens. The new closed-end fund Grayscale MakerDAO Trust will be open to qualified individual and institutional accredited investors.
Similar to the firm’s other single-asset trusts, the fund does not allow direct withdrawals, which may result in a deviation between the price of fund shares in the secondary market and the price of the underlying assets.
Maker is one of the largest protocols in the DeFi space, managing over $7 billion in crypto and real-world assets and issuing DAI, a stablecoin with a market cap of $5 billion.
More recently, Grayscale also launched single-asset funds for Bittensor’s TAO token and layer-1 blockchain Sui (SUI), as well as a fund investing in cryptocurrencies for decentralized AI projects.
