Grayscale Shakes Up Crypto Market with New Space and Time Trust Backed by SXT Token
Grayscale just dropped a bombshell—launching a Space and Time Trust anchored by the SXT token. Because what the crypto world needed was another trust product, right?
The Trust Takeoff
The digital asset giant is doubling down on blockchain's next frontier: decentralized data. SXT isn't just another altcoin—it's the fuel for a new era of on-chain analytics.
Why This Matters
Grayscale's move signals institutional appetite for niche crypto infrastructure plays. Because nothing says 'mature asset class' like betting on oracle-adjacent tokens while BTC hovers below its 2021 ATH.
The Fine Print
No numbers were disclosed—typical for a space where 'trust' literally means 'speculate harder.' But with Grayscale's track record, this could either mint new millionaires or become another cautionary tale.
One thing's certain: Wall Street's crypto FOMO just got a fresh dose of rocket fuel—strap in.
Space and Time offers fast data access for AI and DeFi
Space and Time offers a decentralized data and computation layer, which is also transparent and verifiable. The chain is highly suitable for the cross between decentralized finance and AI (DeFAI), where data is essential for auditing and successful trading. The chain may host AI agents for data queries, trading research, or even autonomous on-chain trading.
‘As we enter the next age of computing, transparency is paramount. Verifiable data can help ensure that we can trust the underlying datasets used for AI and smart contract applications,’ said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale.
Sharif-Askary also noted that investors would be exposed to an innovative project, with multiple use cases in recently trending narratives.
‘AI and blockchain are converging around one critical need: verifiable data. Space and Time is built to solve this problem, bringing verifiability, transparency, and auditability to the data and compute that will drive the next generation of intelligent and decentralized applications,’ said the Space and Time Foundation.
The Trust will offer exposure to the SXT token, the native asset of the Space and Time network. SXT tokens are key to network security, offering staking and utility in payments for data processing.
In its initial stage, the Grayscale Space and Time Trust is open to eligible accredited investors. The Trust resembles other Grayscale single-asset investment vehicles, solely carrying SXT tokens as the underlying asset. Some initial sales may depend on special seeding rounds and will be disclosed specifically by Grayscale. The fund issuer usually retains the more innovative crypto assets as special permission funds for accredited investors.
SXT tokens were launched recently, with listings on major exchanges Binance and Bybit. SXT trades around $0.07, climbing in the past week following the overall recovery of the AI agent sector. The Space and Time project has tapped Tier 1 funds for a total funding of $50M.
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