Grayscale partners with Republic to expand access to DeFi, AI and data network products

Grayscale Investments and Republic are launching three crypto-focused funds on Republic’s platform, with a minimum investment of $2,500. Grayscale manages digital asset investment products; Republic runs an onchain investment platform for alternative and tokenized offerings. The three funds The Grayscale DeFi Fund (ticker: DEFG) holds a basket of DeFi tokens: UNI, AAVE, ONDO, ENA, CRV, and LDO. The Grayscale Decentralized AI Fund holds NEAR, TAO, RENDER, and FIL, all tokens at the intersection of blockchain and artificial intelligence. The Grayscale Data Network Trust holds a single asset, DATA, the native token of the DATA Network. These are thematic bets on crypto sub-sectors, not spot Bitcoin funds. Most retail investors would have trouble assembling these baskets themselves without accounts on multiple exchanges, several wallets, and hours spent reading governance proposals. Grayscale packages the research and assembly into a single product; Republic handles distribution. Who can buy The funds are open to verified accredited investors in the US and to non-US persons. Grayscale’s disclosure language is blunt: these are private placement securities that are speculative, illiquid,...