The primary investment objective of this trust is to reflect the value of Zilliqa (ZIL / USD) it owns and to provide reliable and profitable access and exposure to cryptocurrency to investors.
Valkyrie Digital Assets LLC, which sponsors Trust Valkyrie Bitcoin (BTC / USD), Trust Valkyrie Polkadot (MATIC / USD), Trust Valkyrie Algorand (ALGO / USD), Trust Valkyrie Dash (DASH / USD) and Trust Valkyrie TRON (TRX / USD) Trust, announced the launch of the Valkyrie Zilliqa Trust, its sixth investment vehicle and the first at Valkyrie to invest only in Zilliqa, the native token behind the entire blockchain network.
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Leah Wald, CEO of Valkyrie Investments, said:
Zilliqa is a fast growing network that offers a unique feature set aimed at democratizing the payment and remittance space. By launching this trust, we are able to give qualified investors exposure to one of the preeminent projects aimed at bringing this use case to the financial system of the future.
Provide more exposure to an ever-growing selection of digital assets
The Zilliqa Trust was launched just days after the Valkyrie TRON Trust. It is the latest in a series of interconnected trusts founded to increase exposure to digital assets. This trust is the first to be based on a sharded architecture, making it possible to process very large volumes of transactions at a given time. Many in the community will see it as an alternative to the high fees and congestion typical of many other blockchains.
Amrit Kumar, President and Co-Founder of Zilliqa, added:
Making crypto more accessible to a range of different target groups is a surefire way to create more global utility for all coins and truly realize its potential without borders. Valkyrie does this by making it easier to access crypto halls so those unfamiliar with them don’t have to knock on doors they don’t know – like exchanges, DEXs, and more. They optimize the management of crypto assets for investors and also help them to invest their assets and maximize their returns. In addition, Valkyrie’s expertise in the US market will help us grow our presence and reach new customers in the US, which is very much in line with our business objectives.
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