Grayscale Launches an Institutional-Grade DeFi Fund

Grayscale Investments is going to launch a DeFi Fund, which will include an index – said Grayscale CEO Michael Sonnenshein.

Sonnenshein spoke on CNBC’s Squawk Box, where he said the firm has seen interest from a broad base of its existing investors. One such interest was the growing institutional demand for DeFi services. That’s why the firm has built an institutional-grade index – and also a DeFi fund.

The fund will enable institutional investors to have exposure to DeFi protocols through a singular investment vehicle, he said. The fund will include major DeFi Blue Chip tokens with the following allocations:

  • Uniswap: 50%
  • Aave: 10%
  • Compound: 8%
  • Curve: 7.5%
  • MakerDAO: 6.5%
  • SushiSwap: 5%
  • Synthetix: 4%
  • Yearn: 3%
  • UMA: 3%
  • Bancor: 2%
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Institutional DeFi seems to be a lasting trend. More and more institutions are looking to get exposure to the new asset class of DeFi products.

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