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Grayscale Investments, one of the largest asset managers, has announced the launch of two new investment products to expand the offering list to its clients.
Notably, these products are designed to offer investors direct exposure to two of the most important protocols within the Ethereum ecosystem, Lido DAO and Optimism, focused on improving the scalability and efficiency of the network.
Grayscale will offer investors products providing exposure to the governance tokens of Lido DAO, LDO, and Optimism Protocol, OP. Both tokens offer solutions to expand and improve the Ethereum ecosystem.
Optimism, an L2 blockchain, can help scale Ethereum by reducing congestion on the network, offering users cheaper and more efficient transactions. While, Lido, a liquid staking solution, can help secure the Ethereum network and allow the growth of DeFi.
Grayscale’s Head of Product and Research, Rayhaneh Sharif-Askary, noted that Lido can help to democratize staking on Ethereum, while optimism is critical in allowing Ethereum to scale and compete with newer and faster L1 blockchains.
“Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to protocols helping to increase Ethereum’s efficiency, security, scalability, and adoption within the broader DeFi ecosystem – playing a critical role in the Ethereum story,” he added.
The Trusts are now open for daily subscription by eligible individual and institutional accredited investors. The Trusts function like Grayscale’s existing suite of single-asset investment trusts, and solely invest in the token underpinning the Lido protocol (LDO) and the Optimism protocol (OP).
The products are available to accredited investors, both individual and institutional, and operate similar to other single-asset investment funds offered by Grayscale, such as Bitcoin and Ethereum funds.
With this move, Grayscale aims to strengthen its presence in the crypto market and the DeFi sector, capitalizing on the rising demand for technological solutions that improve Ethereum’s performance and accessibility.
