Grayscale Expands Crypto Trust Offerings

The trusts and the tokens they hold are:

• The Greyscale Basic Attention Token Trust (BAT), a digital currency for Brave, a blockchain-based digital advertising and services platform.
• The Grayscale Decentraland Trust (MANA), a token that serves as a digital currency in Decentraland, a peer-to-peer virtual reality platform.
• The Grayscale Livepeer Trust (LPT), a digital currency for the Livepeer Network whose goal is to build a platform for decentralized video broadcasting and streaming.

The two other trusts and their tokens are:

• The Grayscale Chainlink Trust (LINK), a decentralized network that aims "to link real world data and public blockchains by connecting smart contracts to off-chain data for markets, events and payments."
• The Grayscale Filecoin Trust (FIL), a digital asset created and transmitted through the operations of the peer-to-peer Filecoin Network, which is a decentralized network of computers that lets users buy or sell excess computer storage.

Grayscale has over $40 billion in total assets, including about $36 billion in its Bitcoin Trust. The trust had been trading at a wide discount to its NAV but that gap has narrowed recently, most likely because the discount attracted borrowers.