Grayscale Investments has launched a new DeFi fund in collaboration with CoinDesk Indexes. The latter is a subsidiary of CoinDesk Inc. and together with Grayscale, have announced the launch of the Grayscale Decentralized Finance (DeFi) fund and alongside The CoinDesk DeFi Index.
Additionally, the Grayscale Decentralized Finance Fund will provide investors with exposure to the 10 of the top DeFi protocols in terms of market cap in a weighted portfolio designed to track the CoinDesk DeFi Index.
A breakdown fo the top 10 DeFi protocols to be included in the Grayscale Decentralized Finance fund, can be found below alongside their weightings on the fund.
The Grayscale Decentralized Finance Fund is Grayscale’s 15th investment product with the firm’s CEO, Michael Sonnenshein, explaining in the following statement, why they chose to launch it.
Grayscale continues to focus on creating opportunities for investors to access new, exciting parts of the digital asset ecosystem.
The emergence of decentralized finance protocols provide clear examples of technologies that can redefine the future of the financial services industry. We’re proud to offer investors exposure to DeFi through Grayscale’s trusted, secure, and industry-leading investment product structures.
The team at Grayscale also pointed out that the firm intends to have shares of the DeFi Fund quoted on a secondary market. However, a successful listing is dependent on the approval by regulators such as the SEC and FINDRA.