This article was first published on The Bit Journal: Does the initiative by Grayscale SUI Trust to introduce OTC trading access signal a potential breakout moment for crypto exposure to investors looking for regulated access? Read on to find out.
The Grayscale SUI Trust has officially launched a product in the U.S. market offering OTC trading access on the OTCQX platform. The new product will enable investors to gain transparent, efficient access to U.S. capital markets.
According to a press release by the OTC Market Group INC. (OTCQX: OTCM), The Grayscale Sui Trust (GSUI listing), which provides exposure to the SUI token, is now qualified to trade on the OTCQX Best Market. The launch marks a significant milestone in access to digital currencies, as offering OTC trading will enable traditional investors to access the SUI token via conventional brokerage firms.
Companies that gain OTC trading access on the OTCQX market offer users efficient, affordable access to the U.S. capital markets. OTCQX provides streamlined market access that enables companies to reduce the cost and complexities associated with trading in the stock markets. At the same time, it ensures investors can have transparent access to the market. Only companies with the highest financial standards and that follow the best corporate practices are allowed OTC trading access.
Commenting on the development, Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale, stated:
“We’re thrilled for GSUI to begin trading on OTC Markets’ premier platform […] as blockchain networks like Sui continue to push the boundaries of scalability and performance, Grayscale is proud to partner with OTC Markets to provide investors with exposure to this next generation of innovation.”
For investors in the crypto world, the Grayscale SUI Trust serves as a bridge between crypto and traditional finance. It will now be possible for users to buy shares of the trust through their traditional brokerage accounts without using digital wallets or cryptocurrency exchanges.
According to experts, this initiative will provide a regulated investment vehicle through traditional brokerage access, without the challenges of direct crypto management or seeking professional digital asset custody. Additionally, the structure of the Grayscale SUI Trust is designed to offer high-level security and regulatory compliance you won’t find with individual crypto holdings.
The OTC trading access offered through this product is designed to play a significant role in introducing crypto access to the mainstream financial markets. The OTCQX platform is currently one of the leading US OTC markets, providing regulatory insight, real-time quotes, and professional market makers.
The launch by Grayscale SUI Trust highlights increasing institutional acceptance of cryptocurrencies, demonstrating that they are gradually being integrated into conventional financial systems. By offering regulated access to investment opportunities in the world of digital assets, more investors could soon seek increased crypto exposure, leading towards mainstream cryptocurrency adoption.
SUI: A Layer 1 blockchain platform and its native token, also called SUI, offering high-speed, low-cost transactions through parallel processing, making it suitable for applications like decentralized finance (DeFi) and NFTs.
OTC crypto trading: The direct, private exchange of large volumes of digital assets between two parties, bypassing public cryptocurrency exchanges.
Capital markets: A market where businesses and governments raise funds by issuing stocks and bonds, connecting investors with opportunities to grow wealth.
The Grayscale SUI Trust is an investment vehicle that holds SUI cryptocurrency and issues shares representing ownership, traded on the OTCQX market.
Interested parties can purchase through any brokerage account that supports OTC trading.
Through the trust, investors gain regulated exposure to the SUI token without using cryptocurrency exchanges or wallets or requiring any technical knowledge of blockchain.
Currently, the product focuses on the U.S. market. International investors can consult their local brokers for information on availability in their region.
