Grayscale Investments has launched a decentralized finance (defi) fund. The new defi fund is the crypto asset manager’s 15th investment product and its second diversified product. “The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry,” said the Grayscale CEO.
Grayscale Debuts Decentralized Finance Fund
Grayscale Investments, the world’s largest digital currency asset manager, announced Monday the launch of its newest diversified investment product, the Grayscale Decentralized Finance Fund.
The announcement explains that the Grayscale Defi Fund “provides investors with exposure to a selection of industry-leading defi protocols,” adding:
The Grayscale Defi Fund is Grayscale’s fifteenth investment product, and its second diversified fund offering.
Its other diversified fund, the Grayscale Large Cap Fund, recently became a reporting company with the U.S. Securities and Exchange Commission (SEC). The fund also recently added cryptocurrency cardano (ADA) as its third biggest component.
The newly launched defi fund has a market capitalization-weighted