Grayscale partners with CoinDesk to roll out a DeFi fund and index

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The largest digital asset manager, Grayscale Investments, has made its foray into the decentralized finance (DeFi) space. Grayscale unveiled this news through a press release earlier today, noting that it had joined hands with CoinDesk Indexes, a subsidiary of crypto media platform CoinDesk, to launch a new DeFi fund and index. Reportedly, the new products are dubbed Grayscale DeFi Fund and CoinDesk DeFi Index.

According to the news release, Grayscale decided to dabble in DeFi to offer investors an opportunity to access new, exciting facets of the digital currency ecosystem. Per the company's CEO, Michael Sonnenshein, the DeFi sector offers technologies that can reshape the future of the financial services industry.

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Jinia Shawdagor
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