Grayscale Investments, LLC, a digital currency investing authority, announced on Thursday the launch of Zen Investment Trust, a single-asset investment vehicle solely comprised of ZEN, a privacy-focused digital currency. Grayscale reported that Zen Investment Trust is its eighth single-asset investment product and the first security solely invested in ZEN.
ZEN is described as a privacy-oriented digital currency native to Horizen (formerly ZenCash), a decentralized technology platform that provides users with complete control of their digital footprint. According to Grayscale, Horizen users may transfer ZEN using both public addresses and private addresses wherein the sender, recipient, and amount are shielded. Horizen’s platform also enables private messaging, file storage, media sharing, and internet access.
Rob Viglione, President and Co-Founder of Horizen, stated that the luanch of Zen Investment Trust marks a milestone in the global expansion of the Horizen platform.
“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 is a wholly-owned subsidiary of Digital Currency Group, which reportedly builds and invests in over 130 bitcoin and blockchain companies in more than 30 countries around the globe.