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Grayscale Considers To Offer 13 New Possible DeFi Tokens

Grayscale Considers To Offer 13 New Possible DeFi Tokens
  • Grayscale is reportedly considering adding 13 new token to its products.
  • They are considering AAVE, ADA, DOT, ZTX, MKR, and a lot more.
  • MATIC, 1INCH, SOL, ZRX, BNT, and many more were added to its current list.

Grayscale, a crypto-asset manager, is reportedly planning to add new tokens for its investment products. The tokens are primarily DeFi plays which provide a range of real-world applications to crypto users. Thus, Grayscale is considering and focusing now on this corner of the market.

CEO Michael Sonnenshein of Grayscale explained early this year,

As a firm that has been on the vanguard of connecting the legacy financial system with the new, digital currency-driven financial system, we view it as our responsibility to introduce investors to more diversity in this space.

On February 26, the team published an initial list of assets that they are considering for their product inclusion. Grayscale further shared that they are considering AAVE, ADA, DOT, ZTX, MKR, and a lot more. (see complete list below..)

List of exchange
Source : Trading View

Additionally, the company shared new crypto (in bold) based on the image above. However, they reminded those reading the release that it is considering the token, but not all may be chosen. Several regulatory consideration is needed before these are officially brought on board.

As a subsidiary of Digital Currency Group, the parent company of CoinDesk, this is big news in the crypto world. Give the rather crypto market down this past few days, any news is good news for investors right now.

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Britney is a market analyst who covers stories about the cryptocurrency world. She holds a Business Administration Degree in Finance and aims to let the readers understand crypto from a beginner perspective.