According to PANews, asset management firm Grayscale has introduced a new fund centered on the MakerDAO governance token. The new closed-end fund, named Grayscale MakerDAO Trust, will be available to qualified individual and institutional accredited investors. Similar to the company's other single-asset trusts, this fund does not permit direct withdrawals, which may result in a discrepancy between the fund's share price in the secondary market and the underlying asset price.
Maker is one of the largest protocols in the DeFi sector, managing over $7 billion in cryptocurrencies and real-world assets, and issuing the stablecoin DAI, which has a market capitalization of $5 billion.
Recently, Grayscale also launched single-asset funds for Bittensor's TAO token and the Layer-1 blockchain Sui (SUI), as well as a fund investing in cryptocurrencies for decentralized AI projects.
