Grayscale, the producer of the most diverse set of crypto-based exchange-traded products (ETPs) and ETFs, will launch a new asset based on Space and Time (SXT). The expansion is part of Grayscale’s foray into Web3 assets and new trends in crypto use cases.
Grayscale announced the creation and launch of the Space and Time Trust, based on the Space and Time (SPX) crypto project.
The @Grayscale Space and Time Trust is now live.
The Trust provides institutional investors with exposure to SXT, the native token of Space and Time, which plays a critical role in securing the network through staking and facilitating data processing payments. pic.twitter.com/Ifrt7yFM9F
— Space and Time (@SpaceandTimeDB) June 24, 2025
The new launch is added to the diverse portfolio of ETP and ETF by Grayscale, spanning from BTC and ETH to blue-chip assets and smaller crypto projects. Grayscale has taken coins, tokens, AI projects, and L1 assets, tapping mainstream demand through OTC trading.
Space and Time offers a purpose-built blockchain for smart contract processing, adapted also to AI tasks and decentralized apps. The chain aims to offer scalable access for projects crossing Web 3.0 with AI. Space and time offer transparent access to data for both on-chain and off-chain reporting. Unlike traditional blockchains, it also offers a native, scalable data layer. The chain also solves the need for computationally intensive tasks, which would be prohibitively expensive on traditional chains.
Space and Time offers fast data access for AI and DeFi
Space and Time offers a decentralized data and computation layer, which is also transparent and verifiable. The chain is highly suitable for the cross between decentralized finance and AI (DeFAI), where data is essential for auditing and successful trading. The chain may host AI agents for data queries, trading research, or even autonomous on-chain trading.
‘As we enter the next age of computing, transparency is paramount. Verifiable data can help ensure that we can trust the underlying datasets used for AI and smart contract applications,’ said Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale.
Sharif-Askary also noted that investors would be exposed to an innovative project, with multiple use cases in recently trending narratives.
‘AI and blockchain are converging around one critical need: verifiable data. Space and Time is built to solve this problem, bringing verifiability, transparency, and auditability to the data and compute that will drive the next generation of intelligent and decentralized applications,’ said the Space and Time Foundation.
The Trust will offer exposure to the SXT token, the native asset of the Space and Time network. SXT tokens are key to network security, offering staking and utility in payments for data processing.
SXT tokens rallied in the past week, as the AI sector recovered. | Source: Coingecko
In its initial stage, the Grayscale Space and Time Trust is open to eligible accredited investors. The Trust resembles other Grayscale single-asset investment vehicles, solely carrying SXT tokens as the underlying asset. Some initial sales may depend on special seeding rounds and will be disclosed specifically by Grayscale. The fund issuer usually retains the more innovative crypto assets as special permission funds for accredited investors.
SXT tokens were launched recently, with listings on major exchanges Binance and Bybit. SXT trades around $0.07, climbing in the past week following the overall recovery of the AI agent sector. The Space and Time project has tapped Tier 1 funds for a total funding of $50M.
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