Grayscale Launches Space and Time Trust as SXT Token Surges 16%

Grayscale Investments expanded its crypto product suite with the introduction of the Space and Time Trust, offering institutional exposure to the SXT token. The Microsoft-backed layer-1 blockchain's native asset rallied 16% following the announcement, trading at $0.076.

Space and Time bridges enterprise data infrastructure with Web3, providing real-time processing for smart contracts and AI applications through its integration with Microsoft Fabric. The project represents growing institutional interest in blockchain-based data solutions.

"This trust unlocks access to hybrid Web2-Web3 infrastructure at scale," said Grayscale's Rayhaneh Sharif-Askary. The launch coincides with renewed momentum for blockchain interoperability projects, though SXT wasn't among the pre-defined coin list analyzed.