Grayscale rolls out investment trust focused on Space and Time’s SXT token
Quick Take
- Grayscale launched a new trust that provides exposure to SXT, the native token for the Space and Time blockchain.
- Space and Time, which launched its mainnet last month, is focused on building better database processing for smart contracts, AI, and dApps.
Digital asset-focused investment platform Grayscale launched the Grayscale Space and Time Trust on Tuesday, a new vehicle offering exposure to SXT, the native token of the Space and Time blockchain protocol.
“Grayscale Space and Time Trust provides investors with access to a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide range of use cases across Web 2.0 and Web 3.0," said Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale.
Space and Time is a blockchain focused on building verifiable, real-time database processing for smart contracts, artificial intelligence, and decentralized applications. Built by MakeInfinite Labs and backed by Microsoft, Space and Time launched its public, permissionless mainnet in May.
The protocol aims to address limitations of existing blockchains by combining their decentralization with the performance of legacy data platforms. It targets use cases in DeFi and AI, where data integrity, provenance, and auditability are critical.
As of launch, the Space and Time Trust is available for daily subscription by eligible individual and institutional accredited investors, the release said.
Meanwhile, SXT token's price rose 3.25% to $0.07551 in the 24 hours leading up to 1:45 a.m. on Wednesday, according to data from CoinMarketCap.
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