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Grayscale launches Solana trust

Tuesday, November 30, 2021
Opalesque Industry Update - Grayscale Investments®, the world's largest digital currency asset manager, today announced the launch of Grayscale® Solana Trust -- the sixteenth product in Grayscale's suite of investment offerings.

The Trust is solely and passively invested in Solana (SOL), the native token of the Solana network, a smart contract platform first conceived in a 2017 whitepaper. Like the Ethereum network, the Solana network is one of a number of projects intended to expand blockchain use beyond just a peer-to-peer money system. The Solana protocol introduced the Proof-of-History (PoH) consensus mechanism as an alternative to pure Proof-of-Stake (PoS) and Proof-of-Work (PoW) blockchains.

"For the last eight years, Grayscale has been at the forefront of offering investors efficient exposure to the ever-evolving digital currency ecosystem," said Grayscale CEO Michael Sonnenshein. "We have had a front row seat to the mainstream acceptance and adoption of crypto, and increasingly find that investors are diversifying their exposure beyond digital assets like Bitcoin and Ethereum. Our family of Grayscale products will continue to expand alongside this exciting asset class, as we remain committed to offering investors opportunities to access the digital economy."

The Trust is now open for daily subscription by eligible individual and institutional accredited investors. The Trust functions the same as Grayscale's other single-asset investment trusts.

Grayscale's investment products are available to institutional and individual accredited investors through their respective periodic private placements.

Certain Grayscale products are publicly-quoted on OTC Markets' OTCQX® Best Market.¹ Shares of these products have become unrestricted in accordance with the rules and regulations of the SEC and may be bought and sold throughout the day via any brokerage account.

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