Grayscale launches MakerDAO token investment fund, available exclusively to private investors

The asset management company Grayscale announced yesterday, the 13th, the launch of a new fund for the governance token MKR of the lending protocol MakerDAO, as stated in their tweet. The fund will be available only in the form of a closed-end single-asset investment fund, open to eligible individuals and institutions.

Grayscale Launches MakerDAO MKR Trust Fund

The official press release states that the Grayscale MakerDAO Trust Fund will allow investors to access the MakerDAO ecosystem and MKR token, indirectly supporting its lending and stablecoin services.

The company mentioned that the fund will not be traded on exchanges and will only be open to private investors, with approximately $267,000 already invested:

The fund is now open for subscription to eligible individuals, institutions, and other accredited investors, functioning similarly to Grayscale's other single-asset investment trusts, solely investing in MakerDAO MKR tokens.

Following the news, the MKR token surged by 8.5% in a day, reaching a near one-week high of $2147 at the time of writing.

MakerDAO's Endgame Plan

As one of the largest on-chain asset management protocols, MakerDAO manages over $7 billion in real-world assets RWA, including the $1 billion US Treasury investment project released last month, attracting participation from Baldr tokenized fund BUIDL, real asset protocol Ondo, and asset management company Superstate.

Simultaneously, the team has issued a DAI stablecoin with a market value of approximately $5.1 billion, ranking just below USDT and USDC.

As part of its founder Rune Christensen's endgame plan, the protocol is also undergoing a significant upgrade for its DAI stablecoin, expected to be divided into NewStable to comply with regulatory requirements and PureDai for decentralized ideals.

DAI Major Upgrade, Maker Introduces Two Stablecoins to Meet Regulatory and Decentralization Needs Simultaneously

Grayscale Actively Launches New Fund Products

As the world's largest cryptocurrency fund management company, Grayscale manages assets exceeding $25 billion, with its primary products being the $14.3 billion Grayscale Bitcoin Trust Fund GBTC and the $5.2 billion Grayscale Ethereum Trust Fund ETHE.

Since last month, the company has been launching new fund products, including the quarterly rebalanced Decentralized AI Private Fund, which includes project tokens such as Bittensor TAO, Near NEAR, Render RNDR, and Filecoin FIL.

Yesterday, Grayscale even published an article promoting its L1 protocol Sui SUI token trust fund to investors.

Grayscale Article Marketing Sui Fund: Challenging the Next Generation Blockchain Dominance of Ethereum, Lowest TVL/Market Cap Ratio

Rayhaneh Sharif-Askary, Grayscale's Product and Research Director, stated in a press release that the new MakerDAO Trust Fund will lead investors to experience the growth of the protocol's entire ecosystem:

Grayscale will continue to expand our product line and provide more innovative investment opportunities.

She added, "In the future, the cryptocurrency ETF market will cover more innovative single digital assets and more index-based products based on cryptocurrencies."