Graycale has deployed a new trust offering an exhibition in Dogecoin (DOGE), the asset manager announced on Friday.
“Dogecoin represents a paradigm change in global financial accessibility,” said Rayhaneh Sharif-Askary. “Its low transaction costs and rapid transfer speeds make it an optimal vehicle for international funds, especially in regions with underdeveloped banking infrastructure.”
The launch of the Dogecoin Trust only occurs weeks after President Trump – who (probably with a decisive pass from Elon Musk) has appointed one of his newly trained groups, the Ministry of Government Effectiveness (DOGE) – took office with the promise to promote the cryptographic industry.
Since Trump’s electoral victory, Several asset managers have applied for funds (ETF) on funds (ETF), notably Doge, an unthinkable move just months ago under the previous administration and its head of the Sec Gary Gensler.
With a market capitalization of nearly $ 50 billion, Doge is the largest same in the world. Wrap the token in an ETF or in the case of Graycale, a trust, could attract capital of institutional investors. The price of the token has already increased three in the past year, with a particularly important decision in the immediate weeks after the November elections.