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 Yearn Finance (YFI).
Feb 12, 2021 at 10:49 a.m. UTCUpdated Aug 19, 2021 at 7:14 a.m. UTC
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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.
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