Crypto News

Grayscale Files to Register Trust for DeFi Platform Yearn Finance


Grayscale Investments, the world’s largest digital asset manager, has filed to register a new cryptocurrency trust for decentralized finance platform Yearn Finance (YFI).

Filed on Feb. 10, the Delaware corporate registry shows Grayscale is considering YFI as a future offering.
A filing does not mean a trust will be forthcoming, just that one is being considered.
As with other trusts filed previously, the registration was made by Delaware Trust Company, which is Grayscale’s statutory trustee for the U.S. state.
YFI acts as an entry point for users to access a host of DeFi products running on the Ethereum blockchain.
On Jan. 27, Grayscale filed to register five new trusts for cryptocurrency assets, connected to the DeFi space, this included aave, cardano.
New York-based Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

Reference: https://www.coindesk.com/grayscale-files-to-register-trust-for-defi-platform-yearn-finance



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