Grayscale Investments Announces the Launch of Grayscale Solana Trust

GRAYSCALE

Grayscale Investments, the world’s largest digital currency asset manager, has revealed the debut of Grayscale Solana Trust, its sixteenth offering in Grayscale’s portfolio of investment services.

Grayscale Diversifies to the Solana Network

The Solana Trust employs a passive and selective investment strategy in Solana (SOL), a native digital currency of the Solana network. The blockchain network  is a smart contract platform which was first outlined in a 2017 white paper.

Currently trading at around $222, it has seen significant growth this year, with the ability to perform 59,000 transactions per second.

The Solana network, like numerous other blockchain networks, is attempting to use the technology beyond its current role as a peer-to-peer currency system.

SOL will be more visible to a wider range of high-net-worth and institutional investors with the addition of Solana to the Grayscale portfolio.

Grayscale a pacesetter in crypto adoption

The CEO of Grayscale, Michael Sonnenshein, noted that the company has been at the forefront in delivering investors with appropriate diversification into the volatile digital currency market for the past eight years.

They’ve seen the mainstream’s embrace of cryptocurrency, as well as its adoption, from the front row. They discovered that investors are diversifying their portfolios and expanding their investment horizons beyond digital assets like Ethereum and Bitcoin.

The CEO stressed that Grayscale’s solutions would continue to develop with this ever-changing asset class. The company has reaffirmed its commitment to providing investors access to the digital economy.

It gives stakeholders a platform and exposure to the digital currency asset sector via a security without the hassles of purchasing, keeping, and safeguarding cryptocurrencies. Grayscale Investments’ solutions operate within well-defined regulatory standards, allowing investors to get compliant and safe exposure.

According to their statement, their investment services are accessible to institutional and individual accredited clients through their quarterly private issues. The firm’s assets under management now total about $54 billion.