Grayscale to add 13 new crypto projects on its ‘under consideration’ list

In a recent announcement, digital currency asset manager Grayscale said it will add 13 new crypto projects to their list of assets under consideration, including the latest ones such as Polygon (MATIC) and Solana (SOL).

As of this time, the company is responsible in operating 13 asset trusts, the biggest of which is the Bitcoin Trust, with $25 billion under management. Grayscale also has a multi-asset trust valued at $404 million that consists of BTC, ETH, BCH, LTC and LINK.

In late January, there were rumors of Chainlink filing, resulting in a 20% increase in the price of LINK token. One of the several projects under consideration of Grayscale that time, Chainlink managed to pass assessment criteria for trust incorporation last February 26, 2021.

Crypto assets under consideration list

Grayscale started to document tokens they consider to incorporate as trusts as early as February this year, deeming the move integral for maintaining transparency of its operations.

As for the consideration list, the latest to be added are 1inch (1INCH), Bancor (BNT), Curve (CRV), Internet Computer (ICP), Kava (KAVA), Kyber Network (KNC), Loopring (LRC), NEAR (NEAR), Polygon (MATIC), Ren (REN), Solana (SOL), Universal Market Access (UMA), and 0x (ZRX).

With this, the number of assets under consideration by the crypto asset management company rose to 31 different tokens.

A quick clarification

While it is true that the assets under consideration list contains the names of crypto giants such as Cardano, Polkadot and Uniswap, Grayscale was quick to clarify it is by no means an assurance of trust incorporation.

The company also said their selection process is complex and multi-faceted, requiring extensive review and examination of these digital assets based on analysis of internal controls, custody, arrangements and regulatory considerations.

 

Image courtesy of Cointelegraph News/YouTube

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.