Grayscale Basic Attention Token Trust (GBAT)

Overview

The Grayscale Basic Attention Token Trust (BAT) is a specialized investment vehicle managed by Grayscale, designed for individual and institutional investors who seek exposure to Basic Attention Token (BAT) without the complexities of directly buying, storing, and safeguarding the digital asset. Founded on December 18, 2020, and having its headquarters in Stamford, CT, the trust capitalizes on the growing interest in cryptocurrency assets, specifically targeting the BAT, which is closely tied to the digital advertising industry through the Brave browser platform. This trust underscores Grayscale's commitment to providing structured, secure, and compliant access to the burgeoning digital currency market.

Products and Services

Grayscale Basic Attention Token Trust offers a singular, but important product to its customers:

• Investment Vehicle for Basic Attention Token

This product allows investors to gain exposure to the price movement of BAT, a digital currency designed to revolutionize online advertising through the Brave browser. The investment trust holds BAT tokens and derives its value from the price movements of BAT itself. It simplifies the investment process by handling the security, storage, and compliance aspects of cryptocurrency investment, making it an appealing option for those looking to invest in digital assets with less direct involvement in the complexities of the cryptocurrency market.