Grayscale, the most prominent digital currency asset manager in the world, has now made the announcement that the Grayscale Decentralized Finance Fund (DeFi) Fund has started trading on the OTC Markets under the ticker ‘DEFG.’ Grayscale presently provides fifteen different digital currency investment products that are available for trading on the financial market.
Grayscale Head of Investor Solutions, Rayhaneh Sharif-Askary, said:
“We believe that investors deserve access to the digital currency ecosystem through secure products, and are excited to now offer them exposure to the evolving decentralized finance sub-sector through a publicly-quoted security.”
By investing in DEFG, traders can receive exposure to the price movement of a diversified basket of DeFi digital assets. DEFG is designed to mirror the quarterly rebalancing of the CoinDesk DeFi Select Index (DFX), sparing investors the hassle of dealing with the complexities of purchasing, securing, and storing digital currencies themselves.
By cutting out the middleman, the protocols underpinning DEFG digital assets aim to increase the availability of a wide range of financial services for the general public.
From July 2021 on, DEFG has been offering a private placement to qualified investors. Shares in DEFG totaled 233,960 as of the 8th of December, 2022. Following the mandatory one-year holding period required by Rule 144 of the Securities Act of 1933, shares issued via DEFG’s private placement will be available for sale on the public market.
Grayscale makes its investment products accessible to approved investors on a regular basis via private placements. The digital asset manager also provides clients with single-asset investment solutions that provide them exposure to digital assets including Bitcoin (BTC), Bitcoin Cash (BCH), Chainlink (LINK), Decentraland (MANA), Ethereum (ETH), Ethereum Classic (ETC), and Filecoin (FIL), and several others.