Are the six newly added grayscale trust entities with the same name really registered by Grayscale?
Editor's Note: This article comes fromBlock beats BlockBeats (ID: BlockBeats), reprinted by Odaily with authorization.
Editor's Note: This article comes from
Block beats BlockBeats (ID: BlockBeats)
, reprinted by Odaily with authorization.
On January 22, some media said that Grayscale will soon launch 6 new trust products including LINK and BAT.
After checking the official website of the Delaware state government, there are trust entities suspected to be related to Grayscale, namely "GRAYSCALE BASIC ATTENTION TOKEN TRUST (BAT)", "GRAYSCALE CHAINLINK TRUST (LINK)", "GRAYSCALE DECENTRALAND TRUST ( MANA)", "GRAYSCALE FILECOIN TRUST (FIL)", "GRAYSCALE LIVEPEER TRUST (LPT)", "GRAYSCALE TEZOS TRUST (XTZ)" six trust entities (Entity).
At the same time, the website also shows Grayscale’s existing trust entities with the same name, including “GRAYSCALE BITCOIN TRUST (BTC)”, “GRAYSCALE BITCOIN CASH TRUST (BCH)”, “GRAYSCALE ETHEREUM TRUST (ETH)”, etc.
Source: Delaware State Official Website
This news has sparked extensive discussions in the community. Grayscale officials have not yet responded to whether the news is true, but the key point is to confirm whether the company entities with the same name as the Grayscale Trust shown in the Delaware government are registered with Grayscale. ?
Official inquiries by the US Securities and Exchange Commission (SEC) revealed that these new trust entities are currently not filing with the SEC. The place of business registration of issued trusts such as Grayscale Bitcoin Trust is shown as New York.
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However, according to Grayscale’s official information, the registered agent for Grayscale’s investment filing is Delaware Trust Company, a regulated provider of corporate trust and agency services. Delaware law requires every legal entity to use a registered agent who can receive legal documents during business hours.
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At the same time, according to the query of Rhythm BlockBeats, the six newly added trust entities are all registered through the Delaware trust company, and the registration time is December 18, 2020.
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Added 6 trust registration agents, all of which are Delaware trust companies
At the same time, check the registration time of Grayscale's existing trust entities with the same name, all of which are in line with the launch time of Grayscale.
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Grayscale existing trust registration time with the same name
The new CEO of Grayscale Investment, Michael Sonnenshein, said in January 2021 that Grayscale expects to launch 6 new products in 2021. And the number of newly added trust entities is just in line with Grayscale's 2021 plan.
In addition, the tokens of these six new trust entities have all been listed on Coinbase. Grayscale is a wholly-owned subsidiary of Digital Currency Group, and Coinbase is one of DCG's investment territories. Grayscale's custody business is also in charge of Coinbase.
Through Google snapshots and searches, it can be found that the document number officially disclosed by the State of Delaware corresponds to Grayscale Trust.
According to the screenshot provided by Weibo KOL "Bad Description" on Weibo, Grayscale founder Barry Silbert also mentioned the holdings of MANA, LPT and other tokens in his previous Twitter profile.
To sum up, although it cannot be confirmed 100% because the Grayscale official has not yet responded, but the 6 new trust entities with the same name as Grayscale shown on the official page of Delaware are most likely registered by Grayscale.
Grayscale's official new trust products do not mean that institutions must be optimistic
