Grayscale, a crypto-focused asset manager, announced the launch of its Space and Time (SXT) Trust, providing investors with exposure to the blockchain’s native token, SXT. The price of SXT rose by 16% in a day, reaching $0.076. This Trust aims to merge blockchain technology with enterprise-grade data architecture for both Web 2.0 and Web 3.0 applications. Space and Time, backed by Microsoft's M12 Ventures fund, focuses on real-time database processing for smart contracts and AI tools. The Trust operates as a private placement, primarily targeting institutional accredited investors and eligible clientele. The launch reflects a growing trend of investment products in the crypto space, driven by a regulatory shift as U.S. authorities show increasing support for digital assets. Coinciding with this launch, there has been heightened activity among asset managers seeking to introduce various crypto-based investment offerings, including private trusts centered around digital tokens like AXL and Optimism. As regulatory barriers ease, the appetite for innovative investment solutions in cryptocurrency continues to rise.

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