Grayscale Expands Offerings with Sui Blockchain Trusts for DEEP and WAL Tokens

Grayscale Investments has launched two single-asset trusts focused on the Sui blockchain, providing accredited investors exposure to DEEP and WAL tokens. The MOVE signals growing institutional interest in Sui's ecosystem, which emphasizes low-cost, high-speed transactions.

DEEP powers DeepBook, a decentralized order book protocol designed for efficient trading. WAL serves as the native token for Walrus, an on-chain data storage solution. Both projects leverage Sui's scalable architecture and flexible smart contract capabilities.

The new trusts represent Grayscale's first dedicated products for Sui-based assets, expanding its digital asset offerings beyond major cryptocurrencies. Sui's developer activity has surged 1,500% year-over-year, according to recent ecosystem reports.