Grayscale targets Sui’s infrastructure layer via DEEP and WAL token trusts
The post Grayscale targets Sui’s infrastructure layer via DEEP and WAL token trusts appeared on BitcoinEthereumNews.com. Grayscale is shifting its focus from mere Layer 1 exposure to the protocols that make Sui tick. The new DeepBook and Walrus Trusts give investors direct access to the liquidity and data layers underpinning one of crypto’s fastest-growing ecosystems. Summary Grayscale launches DeepBook and Walrus trusts, giving accredited investors exposure to Sui’s liquidity and data protocols. Move marks shift toward investing in blockchain infrastructure over Layer 1 tokens. DEEP and WAL tokens surged 12% and 7% following the announcement, though both remain volatile. According to a press release dated August 12, Grayscale has launched two new single-asset investment trusts tied to Sui’s DeepBook (DEEP) and Walrus (WAL) protocols, marking the firm’s first foray into protocol-level infrastructure beyond its existing SUI trust. The move gives accredited investors direct exposure to the network’s central limit order book and its on-chain data layer. Both protocols are positioned as essential components of Sui’s design, enabling low-latency trading and scalable, privacy-conscious data storage for a range of DeFi, gaming, and social applications. Why Grayscale is betting on Sui’s protocol economy Grayscale’s decision to launch DeepBook and Walrus Trusts reflects a calculated shift in institutional crypto strategy, with priority focused on the infrastructure enabling blockchain adoption over speculative token plays. While most asset managers focus on Layer 1 tokens, Grayscale is targeting the protocols that solve real-world bottlenecks: DeepBook for institutional-grade liquidity and Walrus for scalable on-chain data storage. “We believe these two product launches are a seminal moment in the journey of the Sui ecosystem,” Adeniyi Abiodun, Co-Founder and CPO at Mysten Labs, said. “Since the initial foundation of Sui, the team at Mysten Labs, as well as the contributors to the network, have not rested on our laurels, as we continue to deliver crucial infrastructure to the broader blockchain ecosystem.” The move aligns with…
The post Grayscale targets Sui’s infrastructure layer via DEEP and WAL token trusts appeared on BitcoinEthereumNews.com.
Grayscale is shifting its focus from mere Layer 1 exposure to the protocols that make Sui tick. The new DeepBook and Walrus Trusts give investors direct access to the liquidity and data layers underpinning one of crypto’s fastest-growing ecosystems. Summary Grayscale launches DeepBook and Walrus trusts, giving accredited investors exposure to Sui’s liquidity and data protocols. Move marks shift toward investing in blockchain infrastructure over Layer 1 tokens. DEEP and WAL tokens surged 12% and 7% following the announcement, though both remain volatile. According to a press release dated August 12, Grayscale has launched two new single-asset investment trusts tied to Sui’s DeepBook (DEEP) and Walrus (WAL) protocols, marking the firm’s first foray into protocol-level infrastructure beyond its existing SUI trust. The move gives accredited investors direct exposure to the network’s central limit order book and its on-chain data layer. Both protocols are positioned as essential components of Sui’s design, enabling low-latency trading and scalable, privacy-conscious data storage for a range of DeFi, gaming, and social applications. Why Grayscale is betting on Sui’s protocol economy Grayscale’s decision to launch DeepBook and Walrus Trusts reflects a calculated shift in institutional crypto strategy, with priority focused on the infrastructure enabling blockchain adoption over speculative token plays. While most asset managers focus on Layer 1 tokens, Grayscale is targeting the protocols that solve real-world bottlenecks: DeepBook for institutional-grade liquidity and Walrus for scalable on-chain data storage. “We believe these two product launches are a seminal moment in the journey of the Sui ecosystem,” Adeniyi Abiodun, Co-Founder and CPO at Mysten Labs, said. “Since the initial foundation of Sui, the team at Mysten Labs, as well as the contributors to the network, have not rested on our laurels, as we continue to deliver crucial infrastructure to the broader blockchain ecosystem.” The move aligns with…
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