Grayscale: Genesis Global Capital is not a counterparty or service provider for any Grayscale product

11/16 14:24

Grayscale tweeted: "In the wake of recent events, our investors should know that the safety and security of the holdings underlying Grayscale digital asset products are unaffected. Today Genesis Global Capital, a subsidiary of Grayscale’s affiliate, Genesis Global Trading, announced that it is temporarily suspending redemptions and new loan originations. Genesis Global Capital is not a counterparty or service provider for any Grayscale product. As a result: 1. Grayscale products continue to operate business as usual, and recent events have had no impact on product operations. 2. The assets underlying GBTC and all Grayscale products remain safe and secure, held in segregated wallets in deep cold storage by our custodian Coinbase. 3. Grayscale does not borrow, lend, rehypothecate, or otherwise encumber the products’ underlying assets, and the custodian for the assets is prohibited from engaging in such activity. 4. Publicly-quoted products continue to trade and produce SEC and OTC Markets reports and audited financial statements."

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