Grayscale Launches Sui-Backed DeepBook and Walrus Trusts for Accredited Investors

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Tuesday, Aug 12, 2025 9:06 am ET1min read
Aime RobotAime Summary

- Grayscale launches two Sui-focused trusts for accredited investors, offering direct exposure to DEEP and WAL tokens.

- DeepBook serves as Sui's decentralized liquidity layer, while Walrus addresses AI-driven data storage needs.

- This marks Grayscale's first investment vehicles targeting Sui's core infrastructure beyond Bitcoin/Ethereum offerings.

- The trusts aim to meet growing institutional demand for next-generation blockchain infrastructure through private placements.

Grayscale, a

investment platform based in Stamford, Connecticut, has launched two new single-asset investment trusts focused on the core protocols of the blockchain. The Grayscale DeepBook Trust and Grayscale Walrus Trust provide accredited investors with direct exposure to DEEP and WAL tokens, the native assets of the Sui-based protocols DeepBook and Walrus, respectively. These trusts represent Grayscale’s first foray into offering investment vehicles tailored to Sui’s foundational infrastructure, expanding its product suite beyond its flagship and offerings [1].

DeepBook functions as a decentralized central limit order book (CLOB) built on the Sui blockchain. It is designed to serve as a core liquidity layer for the Sui ecosystem, enabling decentralized exchanges (DEXs), wallets, and other applications to facilitate token trading. Meanwhile, Walrus is a blockchain-based data storage solution aimed at managing the large volumes of data generated by artificial intelligence (AI) tools, addressing a growing need in the digital infrastructure space [1].

The trusts are available to accredited investors through private placement, allowing institutional and qualified investors to gain exposure to the emerging DeFi, social, and gaming use cases supported by Sui’s ecosystem. This move aligns with Grayscale’s strategy of expanding into more specialized areas of the digital asset market to cater to a broader range of investor interests. The company, best known for its Bitcoin Trust (GBTC) and Ethereum Trust (ETHE), has previously converted these trusts into exchange-traded funds (ETFs) to enhance liquidity and accessibility [1].

By offering these new investment vehicles, Grayscale is responding to growing demand for infrastructure-focused blockchain assets. The firm’s decision to enter the Sui ecosystem through its core protocols highlights a strategic shift toward supporting next-generation blockchain technologies. As the digital asset market continues to evolve, this expansion could help institutional investors access innovative blockchain use cases that are still in early development [1].

Source: [1] Grayscale Debuts First Investment Trusts for Sui’s Core Protocols (https://www.coindesk.com/markets/2025/08/12/grayscale-debuts-first-investment-trusts-for-sui-s-core-protocols)