Catenaa, Wednesday, August 13, 2025-Grayscale has unveiled two new single-asset investment trusts for DEEP and WAL, the native tokens of DeepBook and Walrus, protocols built on the Sui blockchain.
The launches aim to broaden investor access to the emerging Sui ecosystem.
The Grayscale DeepBook Trust and Grayscale Walrus Trust hold exclusively DEEP and WAL tokens, respectively.
DeepBook serves as a central limit order book for decentralized finance applications on Sui, while Walrus offers a scalable, privacy-focused data layer capable of storing and sharing on-chain information across blockchains.
Both tokens rank 226th and 168th by market capitalization, valued at $372 million for DEEP and $559 million for WAL. The tokens have experienced recent price declines, trading near $0.15 for DEEP and $0.40 for WAL.
Available for daily subscription by accredited investors through private placement, these trusts follow Grayscale’s strategy of expanding exposure to emerging blockchain protocols. The company cautioned that these products carry risks related to token price volatility and technical uncertainties.
Grayscale head of product Rayhaneh Sharif-Askary emphasized the trusts provide access to two protocols driving innovation on Sui. Mysten Labs co-founder Adeniyi Abiodun called the launches a pivotal moment, highlighting the infrastructure roles of Walrus and DeepBook in blockchain adoption.
