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Grayscale Files to Register Trust for DeFi Platform Yearn Finance
Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for Yearn Finance (YFI).
Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for decentralized finance platform Yearn Finance (YFI).
STORY CONTINUES BELOW
- Filed on Feb. 10, the Delaware corporate registry shows Grayscale is considering YFI as a future offering. A filing does not mean a trust will be forthcoming, just that one is being considered.
- As with other trusts filed previously, the registration was made by Delaware Trust Company, which is Grayscale's statutory trustee for the U.S. state.
- YFI acts as an entry point for users to access a host of DeFi products running on the Ethereum blockchain.
- On Jan. 27, Grayscale filed to register five new trusts for cryptocurrency assets, connected to the DeFi space, this included aave, cardano.
- New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
Read more: Digital Asset Manager Grayscale Eyes DeFi Space With New Trust Filings
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
