Grayscale To Include 13 DeFi Tokens

Grayscale, the popular crypto manager, plans to include 13 new DeFi tokens in its investment products. The tokens will offer real-world applications to cryptocurrency owners. The Grayscale team released an asset list back in February, indicating their willingness to add new products. Names like MKR, AAVE, ADA, ZTX, DOT, etc., were among the list. While the complete list included multiple names, Grayscale clarified that it would not add every token under their portfolio. The crypto manager needs to complete multiple regulatory considerations before officially adding the tokens.

When discussing in detail, Grayscale is currently hosting various tokens such as Bitcoin (BTC), Chainlink (LINK), Basic Attention Token (BAT), Zcash (ZEC), Bitcoin Cash (BCH), Stellar Lumens (XLM), Decentraland (MANA), Livepeer (LPT), Ethereum (ETH), Litecoin (LTC), Ethereum Classic (ETC), Horizen (ZEN), and Filecoin (FIL). On the other hand, the platform released a basic list of 13 news tokens, such as 1inch (1INCH), 0x (ZRX), Bancor (BNT), Universal Market Access (UMA), Curve (CRV), Solana (SOL), Internet Computer (ICP), Ren (REN), Kava (KAVA), Polygon (MATIC), Kyber Network (KNC), NEAR (NEAR), and Loopring (LRC). Further, the crypto managing site is also considering adding more tokens to their asset list soon.

Earlier this year, the Grayscale CEO, Michael Sonnenshein, said that the company has been moving forward with innovations to connect the finance sector with crypto/digital assets-centric financial system with the aim to offer their investors as much diversity as possible in this zone. The DeFi sector is on a roll as Grayscale plans to add 13 DeFi tokens to its portfolio. Given the stature of involved parties, this development will help the sector for a long time.