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2w ago

Grayscale Debuts Story Trust to Give Accredited Investors Regulated Access to Tokenized IP

Trading at a five-month high after a more than 10% surge on its July 31 debut, Story Protocol’s IP token remains without a guaranteed secondary market.

Grayscale launches trust for story protocol to tap into $80t intellectual property market
Grayscale
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Overview

  • Grayscale launched the Story Trust on July 31 as a single-asset vehicle giving accredited investors regulated exposure to Story Protocol’s IP token.
  • The trust is open for daily subscriptions exclusively to accredited investors and does not guarantee secondary market trading.
  • The IP token surged over 10% to hit its highest level in five months following the trust’s debut.
  • Story Protocol’s platform has processed more than 1.7 million IP transactions and serves over 200,000 monthly users by embedding licensing terms and royalties into smart-contract NFTs.
  • Grayscale positions the trust as a gateway to an estimated $80 trillion global intellectual property market.