TRON Foundation is pleased to announce the launch of Valkyrie TRON Trust by strategic partner Valkyrie Investments on September 17, 2021. Valkyrie TRON Trust is the first among a series of upcoming institutional-grade fund offerings globally for the TRON crypto ecosystem. It is expected to start with $55M in AUM on inception, with a plan to file for US listing in 2022.
Justin Sun, founder of TRON, comments:
"TRON was incepted with a mission to decentralize the Web. TRX is the layer-1 token of TRON network that powers the entire TRON ecosystem. This is the initial step in its upcoming strategic initiatives to be announced shortly."
Valkyrie CEO Leah Wald comments:
"We are thrilled to work with TRON to launch the first TRON Trust in the US. TRON has established a reputation as the most inclusive blockchain with its energy efficient and low cost platform."
Founded in 2018, Tron network is the most popular blockchain platform in the world with a global user base exceeding 54 million and total crypto assets of $50 billion. In addition, it is home to the largest stablecoin circulation in USDT which stands at $36 billion or over 50% of global market share.
Valkyrie Investments is a US-based investment manager specialized in digital and crypto assets. In addition to Tron Trust, it has previously filed to list Bitcoin Innovation Fund (ETF) as well as Bitcoin ETF joining a slew of high profile asset managers that filed with SEC for Bitcoin ETF this year. The firm has launched four crypto trusts, including Bitcoin,TRON, Algorand and Polkadot.