Valkyrie Investments announces launch of the Valkyrie TRON Trust

Valkyrie Digital Assets LLC (“Valkyrie”), the sponsor (the “Sponsor”) of the Valkyrie Bitcoin Trust, Valkyrie Algorand Trust, Valkyrie Polkadot Trust, Valkyrie Dash Trust announced today the launch of its newest investment vehicle, the Valkyrie TRON Trust (the “Trust”).

The Trust is the first investment vehicle at Valkyrie to invest solely in TRON (TRX), the digital asset that powers the TRON blockchain network. The primary investment objective of the Trust is to reflect the value of TRON held within and offer investors access and exposure to the cryptocurrency in an insurable, cost-effective manner.

“TRON is a popular digital asset with an active, rapidly growing following,” said Valkyrie Investments CEO Leah Wald. “Launching this trust enables us to give qualified investors exposure to a protocol they’ve been increasingly asking for throughout the year.”

This Trust launch is the latest in a family of trusts launched to bring more exposure to a wider universe of digital assets. TRON is the world’s fastest-growing blockchain. Founded by Justin Sun, the TRON network aims to decentralize the internet and has partnered with leading companies, including Samsung, Swisscom, Poloniex, and more.

“We are pleased to announce the launch of the Valkyrie TRON Trust by our strategic partner Valkyrie Digital Assets,” said Justin Sun, founder of TRON. “At TRON, we have continued to cultivate an ecosystem for our users to access innovative solutions such as the Trust, as we stay true to our mission to decentralize the Web and to make blockchain technology accessible to all.”

TRON is one of the most popular blockchain-based operating systems, with a global audience of over 54 million total user accounts. Established in 2018 by Justin Sun, the TRON network has blossomed into one of the largest open blockchain platforms. It is at the forefront of industry adoption of popular smart contracts such as DeFi, NFT, stablecoin, distributed storage protocol, etc. It is home to the largest stablecoin circulation (USDT) with more than 50% of the global market share and over $50 billion in on-chain crypto assets. In addition, it ranks top-three globally in terms of total value locked in DeFi (TVL) with more than $11 billion at present.

About Valkyrie Investments Inc

Valkyrie Investments Inc. (“Valkyrie Investments”) is a specialized alternative financial services firm at the intersection of traditional finance and the emerging cryptocurrency sector whose affiliates aim to offer asset management, research and other services. Headquartered in Nashville, Valkyrie Investments aims to provide exposure to the emerging digital asset class through traditional financial vehicles. Valkyrie Investments is led by seasoned asset managers who have previously launched multiple ETFs, publicly traded funds and ETPs, including digital asset funds with backgrounds across Guggenheim Partners, UBS, Chicago Board of Trade, Chicago Mercantile Exchange, and The World Bank.

About TRON

TRON is dedicated to accelerating the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the TRON ecosystem has delivered a series of achievements, including MainNet launch in May 2018, network independence in June 2018, and the TRON Virtual Machine launch in August 2018. In April 2021, TRON became home to the largest stablecoin circulation (USDT) with over 50% of the global market share and over $50 billion in on-chain crypto assets.

Disclaimer

This press release shall not constitute an offer to sell or the solicitation of an offer to buy Dash. Such offerings may only be made by prospectus and other offering documents that discloses the risks and disclosures of such offering. Past performance is not indicative of future results. There is no guarantee that any specific outcome will be achieved. Investments may be speculative, illiquid and there is a risk of total loss.

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