Grayscale has launched two single-asset trusts, Grayscale DeepBook Trust and Grayscale Walrus Trust, providing exposure to Sui protocols DeepBook and Walrus. DeepBook is a decentralized central limit order book built on the Sui blockchain, while Walrus is a blockchain-based data storage platform. The trusts invest solely in the native DEEP and WAL tokens, respectively, and are open for daily subscription via private placement to accredited investors.
Digital asset investment platform Grayscale has expanded its portfolio with the launch of two new single-asset trusts: Grayscale DeepBook Trust and Grayscale Walrus Trust. These trusts offer exposure to Sui protocols DeepBook and Walrus, respectively [1].
DeepBook, a decentralized central limit order book built on the Sui blockchain, serves as a foundational liquidity layer for the Sui ecosystem. It facilitates token trading on decentralized exchanges (DEXs), wallets, and other applications on Sui [1].
Walrus, on the other hand, is a blockchain-based data storage platform designed to host the massive data wells driven by the proliferation of AI tools. It aims to provide scalable and efficient data storage solutions for the growing needs of AI applications [1].
The Grayscale DeepBook Trust and Grayscale Walrus Trust invest solely in the native DEEP and WAL tokens, respectively. These trusts are open for daily subscription via private placement to accredited investors, marking a new avenue for institutional participation in Sui’s DeFi, social, and gaming use cases [1].
Stamford, Connecticut-based Grayscale is well-known for its Bitcoin Trust (GBTC) and Ethereum equivalent (ETHE), both of which have been converted into exchange-traded funds (ETFs). The firm has since expanded its focus to more niche areas of the digital asset market to cater to investors with an eye on a wider array of blockchain use cases [1].
References:
[1] https://www.coindesk.com/markets/2025/08/12/grayscale-debuts-first-investment-trusts-for-sui-s-core-protocols
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