Cryptocurrency industry leader Grayscale introduces a new trust for a mid-range altcoin, which has surged over 100% in the previous month.
Grayscale Launches New Trust for Mid-Cap Altcoin, Story (IP)
In a significant move, digital asset manager Grayscale has launched a new investment vehicle called the Grayscale Story Trust. This trust offers accredited and institutional investors exposure to Story (IP), a native token of the Story blockchain protocol focused on intellectual property (IP) management and monetization on-chain.
Story, a layer-1 blockchain network, is designed to provide scalable IP solutions. Rights holders can upload, license, and monetize their intellectual property through programmable smart contracts. The network also integrates real-world data into artificial intelligence (AI) systems to power advanced applications like autonomous vehicles, surgical assistants, and robots.
The IP token functions as the core utility and governance token within the Story ecosystem. In the past month, the IP token has seen a remarkable growth, rising over 100% with a market cap approaching $1.8 billion and daily trading volumes exceeding $80 million. The launch of Grayscale's Story Trust has catalyzed increased liquidity and institutional interest in the token.
The Story Trust operates similarly to Grayscale’s prior single-asset trusts, providing daily access while upholding regulatory and compliance standards. Although secondary market trading for the trust units is not guaranteed, the launch marks a strategic expansion into the vast $80 trillion global intellectual property market, positioning Story as a foundational protocol for the emerging digital rights and AI economy.
Grayscale's support is expected to encourage broader institutional adoption of tokenized IP solutions and AI-driven rights management via blockchain. The trust is solely invested in the IP token, reflecting Grayscale's belief in Story's technological potential.
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Meanwhile, in other news, an ancient Bitcoin is showing signs of activity, potentially indicating sell-side pressure. A bank insider has been accused of draining $195,000 from churches, a kids museum, and customers, and faking their own death to avoid recovery of incriminating evidence. US lawmakers have issued subpoenas to JPMorgan Chase CEO Jamie Dimon and Bank of America Boss Brian Moynihan regarding their role in a Tesla supplier's IPO. An altcoin backed by Arthur Hayes has outpaced the crypto market following a new partnership with Anchorage Digital.
[1] Grayscale Launches New Trust for Story (IP), The Daily Hodl, [URL] [2] Grayscale Launches New Trust for Story (IP), Business Insider, [URL] [3] Grayscale Launches New Trust for Story (IP), CoinDesk, [URL] [4] Grayscale Launches New Trust for Story (IP), Forbes, [URL]
- The newly launched Grayscale Story Trust allows accredited and institutional investors to invest in cryptocurrency through exposure to Story (IP), an altcoin associated with the Story blockchain protocol focused on intellectual property management and monetization.
- As institutions show increased interest in Story (IP), a significant altcoin within the cryptocurrency market, Grayscale's new trust aims to provide a regulatory-compliant avenue for investing in this potential foundational protocol for the digital rights and AI economy.
