Grayscale Pushes Into Bitcoin DeFi With Launch of Stacks Trust on OTCQB

1d ago

Grayscale Investments announced that its newly created product, the Grayscale Stacks Trust (STCK), has begun trading on the OTCQB market, operated by OTC Markets Group Inc. The move marks the first publicly traded U.S. investment vehicle designed to provide exposure to STX, the native token of the Stacks (CRYPTO: $STX) blockchain.

Previously available only via private placement to accredited investors since May 2024, STCK now permits broader market access through brokerage accounts that support OTCQB quoted securities. Grayscale said the quotation is a key step in its product-evolution strategy.

“Today’s market debut represents another milestone in Grayscale’s mission to expand investor access to digital assets,” said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale. “With STCK, investors can gain exposure to STX, bringing Bitcoin (CRYPTO: $BTC) anchored smart contracts into traditional portfolios and underscoring Grayscale’s leadership in providing institutional-level exposure to emerging blockchain technologies.”

The Stacks network functions as a layer-built extension to Bitcoin, enabling smart contracts and decentralized applications (dApps) while anchoring transactions in Bitcoin’s security model. Grayscale emphasised STCK as a “next-generation” digital-asset product that affords exposure to these programmable-Bitcoin opportunities.

447

The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.