Grayscale, an investment company with over $35 billion in assets under management, has established investment funds related to two new projects in the Sui ecosystem. It was announced that these are DeepBook (DEEP) and Walrus (WAL). The newly created funds will only hold DEEP and WAL tokens.
DeepBook acts as a centralized limit order book on Sui, providing a liquidity layer for DeFi applications on the network. Walrus, on the other hand, is a data layer that allows developers to store and share data directly on-chain. The project can be used in areas such as gaming and social platforms with its focus on scalability and privacy.
Funds will only be open to qualified individual and institutional investors. There is also no guarantee that these new products will open to secondary market transactions, as seen in Grayscale’s recently launched funds such as Story, Space and Time, and Dogecoin.
Grayscale is currently managing funds for over 30 cryptocurrencies.
Published: August 12, 2025 20:39
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