Grayscale unveils new Aave Trust for investors
The trust is available only through private placements to accredited investors and is part of Grayscale’s broader strategy to expand its range of crypto investment products, following recent launches of similar trusts for XRP and SUI tokens.
Grayscale Investments has unveiled the Grayscale Aave Trust, offering accredited investors an opportunity to indirectly invest in AAVE, the token powering Aave’s decentralised lending protocol. Aave, a leading player in decentralised finance (DeFi), operates on the Ethereum blockchain and allows users to borrow and lend cryptocurrencies without traditional intermediaries like banks. By utilising smart contracts, Aave eliminates credit checks, making lending more transparent and accessible.
The Grayscale Aave Trust functions similarly to the firm’s other single-asset investment trusts, with its primary focus on AAVE. This trust provides a streamlined way for investors to tap into Aave’s lending platform, which has become the largest in the DeFi space by total value locked. Grayscale’s private placements, including this trust, are available only to accredited investors through a daily subscription model.
Grayscale continues to expand its range of crypto investment products, with recent launches of the XRP Trust and Sui Trust. The firm’s Head of Product & Research, Rayhaneh Sharif-Askary, highlighted Aave’s potential to transform traditional finance by cutting out intermediaries and optimising lending processes using blockchain technology.
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