Horizen (formerly ZenCash) gets a boost with Grayscale launching ZEN Investment Trust
Grayscale Investments, the provider of secure access to the cryptocurrency class through its single-asset and diversified investment products today announced the launch of the ZEN Investment Trust, a vehicle solely comprised of ZEN, the privacy-focused digital currency.
ZEN Investment Trust will be the 8th investment product introduced by Grayscale, and the first security solely invested in ZEN. In addition to its single-asset products, Grayscale also sponsors Digital Large Cap Fund, a diversified investment product launched in February of this year that provides exposure to the top digital currencies by market cap.
ZEN is a privacy-oriented digital currency native to Horizen (formerly ZenCash), a decentralized technology platform that provides users with complete control of their digital footprint. Horizen users can transfer ZEN using both public addresses – similar to bitcoin – and private addresses wherein the sender, recipient, and amount are shielded. Beyond the ZEN currency, the Horizen platform enables private messaging, file storage, media sharing, and internet access.
“We’ve been very impressed with the Horizen team and its vision for ZEN as a leading privacy coin. Grayscale is at the forefront of asset management in this emerging industry, and we will continue to offer our clients access to the most interesting blockchain projects in the world.”
“The launch of a ZEN Investment Trust on Grayscale’s platform marks a significant milestone in the continued global expansion of the Horizen platform and the services we offer. Grayscale conducts unparalleled research and due diligence on their investment products, striving to offer regulated and professionally managed exposure to the digital currency market for institutional and accredited investors worldwide. Their values align seamlessly with Horizen’s mission to promote the growth of digital currencies, blockchain, and privacy to a diverse and global community.”
Grayscale sponsors single-asset investment products that provide exposure to Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC), Litecoin (LTC), XRP, Zcash (ZEC), and now Horizen (ZEN). In the first six months of 2018, Grayscale raised nearly $250 million across its family of investment products.
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