Grayscale Investments, one of the largest asset managers, has announced the launch of two new investment products to expand its roster of offerings to clients.
Specifically, these products are designed to provide investors with direct exposure to Lido DAO and Optimism, two of the most important protocols within the Ethereum ecosystem focused on improving the scalability and efficiency of the network.
Grayscale will offer products that provide investors with exposure to the governance tokens of Lido DAO, LDO and Optimism Protocol, OP. Both tokens provide solutions to expand and improve the Ethereum ecosystem.
As an L2 blockchain, Optimism can help scale Ethereum by reducing congestion on the network and providing cheaper and more efficient transactions for users. On the other hand, Lido, a liquid staking solution, can secure the Ethereum network and enable the growth of DeFi.
Rayhaneh Sharif-Askary, head of product and research at Grayscale, said that while Lido could help democratize Ethereum staking, optimism is key to allowing Ethereum to scale and compete with newer, faster L1 blockchains. I mentioned that.
“Grayscale Lido DAO Trust and Grayscale Optimism Trust play an important role in the Ethereum story, providing investors with exposure to protocols that help increase Ethereum’s efficiency, security, scalability and adoption within the broader DeFi ecosystem.” he added.
Qualified individual and institutional accredited investors can now subscribe to the trust on a daily basis. The trust will function like Grayscale’s existing single-asset investment trust family and will only invest in tokens that back the Lido Protocol (LDO) and Optimism Protocol (OP).
The product is available to accredited investors, both individual and institutional, and operates similarly to other single-asset investment funds offered by Grayscale, such as the Bitcoin and Ethereum funds.
With this move, Grayscale aims to strengthen its position in the cryptocurrency market and DeFi sector by leveraging the growing demand for technological solutions that improve the performance and accessibility of Ethereum.