Grayscale has launched a new fund that provides access to various smart contract ecosystems that have emerged amid the rise of decentralized finance (DeFi).
The Grayscale Smart Contract Platform
Fund (GSCPxE) includes Cardano (ADA), Solana (SOL), Avalanche (AVAX), Polkadot (DOT), Polygon (MATIC), Algorand (ALGO) and Stellar (XLM). According to Grayscale CEO Michael Sonnenschein, the idea is to allow investors to participate in various emerging platforms, rather than bet on one of them.
“Smart contract technology is critical to the growth of the digital economy, but it’s too early to say which platform will win,” he said in a statement.