The brand new belief offers accredited traders publicity to $IP, the native token of the mental property-focused Story blockchain.
Grayscale, one of many largest crypto-focused asset managers, has launched a brand new funding belief for $IP, the native token of the Story community – a blockchain centered on programmable mental property (IP).
The brand new Grayscale Story Belief goals to provide accredited traders – usually outlined by the U.S. Securities and Alternate Fee (SEC) as people who meet sure monetary thresholds, like having over $200,000 in annual revenue – direct entry to the $IP token, which jumped practically 8% following the announcement to $6.34 earlier than retracing, per CoinGecko. The token has greater than doubled during the last 30 days.
In the meantime, the Story community has processed over 1.8 million IP-related transactions and counts greater than 200,000 month-to-month customers thus far, in keeping with knowledge from its blockchain explorer and a press launch considered by The Defiant.
The launch factors to rising curiosity from establishments in tokenized IP, as artists, manufacturers, and synthetic intelligence (AI) platforms search for higher methods to handle rights and royalties on-chain.
In reality, current analysis exhibits that the worldwide IP market, which incorporates real-world knowledge and digital rights, is estimated to be price over $80 trillion, per the World Mental Property Group’s 2025 World Innovation Index.
“The launch of the Grayscale Story Belief displays rising recognition that mental property, in all kinds, is turning into one of the crucial necessary belongings of the AI period,” mentioned SY Lee, CEO and co-founder of the Story Basis, per the discharge. “With $IP now out there through a Grayscale Belief, traders can achieve publicity to the infrastructure layer that permits programmable licensing and attribution throughout AI and inventive purposes.”
The Belief, which is now stay, works like Grayscale’s different single-asset funds and holds solely the $IP token.
The launch builds on Grayscale’s broader technique of providing single-asset funding autos tied to digital belongings. The agency pioneered this method with its Grayscale Bitcoin Belief (GBTC), which was transformed right into a spot Bitcoin exchange-traded fund (ETF) final yr. It has additionally launched related funding merchandise for Ethereum, Solana, Chainlink, and different tokens.
As of July 29, GBTC holds $21.22 billion in web belongings, in keeping with SoSoValue. In the meantime, Grayscale’s Ethereum Belief (ETHE) at the moment boasts $4.25 billion in web belongings.
The launch comes simply weeks after the SEC accepted Grayscale’s proposal to transform its Digital Massive Cap Fund right into a spot ETF on July 1. The fund gives diversified publicity to 5 main digital belongings: Bitcoin (BTC), Ether (ETH), Ripple (XRP), Solana (SOL), and Cardano (ADA).
On July 14, Grayscale additionally revealed that it has confidentially filed a draft registration assertion with the SEC for a deliberate preliminary public providing (IPO). The agency has not but disclosed what number of shares it intends to supply or the anticipated worth vary.
