Grayscale Unveils New Trusts for DeepBook & Walrus Tokens on Sui Network

Grayscale, the world’s largest crypto asset manager, has officially announced the launch of two new single-asset trusts: the Grayscale DeepBook Trust and the Grayscale Walrus Trust.

These investment vehicles provide accredited and institutional investors with direct exposure to DeepBook token (DEEP) and Walrus token (WAL), two native assets within the Sui blockchain ecosystem.

The launch marks a significant expansion of Grayscale new trusts, reflecting the growing demand for institutional-grade products tied to emerging blockchain networks.

It also underscores Grayscale’s ongoing strategy to diversify beyond market leaders like Bitcoin and Ethereum into innovative altcoins shaping the future of decentralized technology.

DeepBook and Walrus: Core Infrastructure in the Sui Ecosystem

DeepBook and Walrus are described as foundational protocols in the Sui ecosystem.

DeepBook is a high-performance on-chain order book facilitating decentralized trading. With over $10 billion in processed transaction volume, it plays a crucial role in powering DeFi applications by providing liquidity and transparent order execution.

Walrus focuses on programmable data storage, enabling developers to create scalable and secure data solutions for blockchain applications. Backed by a recent $140 million funding round from major investors like Standard Crypto, Walrus is positioning itself as a leader in decentralized data infrastructure.

According to Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, “DeepBook and Walrus are the financial and data management backbones of the Sui ecosystem, enabling developers to build fast, secure, and decentralized applications.”

Read Also: Grayscale XRP Trust: A Deep Dive into Its Structure and Utility

A Pivotal Moment for the Sui Blockchain

The Sui blockchain, developed by Mysten Labs, has been attracting attention for its high throughput, low latency, and parallel transaction processing, features that make it particularly appealing for developers and enterprises seeking speed and scalability.

Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, called the launch of the Grayscale DeepBook Walrus trusts a “pivotal moment” for the Sui network, noting that these investment vehicles could accelerate institutional adoption.

Source: DefiLlama

The timing is notable: Sui’s total value locked (TVL) in its DeFi ecosystem recently hit $2.3 billion before settling at $2.2 billion, showcasing strong growth momentum.

Additionally, major institutional moves, such as Mill City Ventures raising nearly $1 billion to acquire Sui tokens, further validate the network’s long-term potential.

Institutional Access Meets Emerging Altcoins

With Grayscale crypto launch initiatives like these, institutional players gain a secure, compliant gateway into the world of innovative altcoins.

While DEEP and WAL remain relatively unknown to retail traders, their integration into a trusted investment structure adds credibility and visibility, factors that could stimulate wider adoption and possibly price appreciation.

The trusts will exclusively hold the respective tokens, providing pure-play exposure without requiring investors to manage wallets or navigate decentralized exchanges directly.

Although secondary market liquidity for these products is not yet available, the move lays the groundwork for more robust trading opportunities in the future.

Read Also: DeepBook Protocol (DEEP) Tokenomics: A Complete Guide

The Bigger Picture: Bullish Crypto Market Sentiment

This development comes amid renewed optimism in the crypto sector. Anticipation for Ethereum-based ETFs, favorable macroeconomic conditions, and growing regulatory clarity are fostering a supportive environment for blockchain investments.

Grayscale’s inclusion of the DeepBook token and the Walrus token shows confidence in the Sui network’s capacity to host groundbreaking DeFi and data infrastructure solutions.

As more projects launch within the Sui ecosystem, demand for these tokens, and interest from institutional investors, could continue to climb.

Read Also: Sui Network Got Viral and Everyone Eyes on It: What’s Happened?

Conclusion

By launching these two targeted trusts, Grayscale is not only diversifying its portfolio but also signaling its belief in the future of the Sui blockchain and its cornerstone protocols.

The move strengthens institutional access to emerging digital assets and highlights the growing importance of Grayscale DeepBook Walrus offerings in shaping blockchain’s next chapter.

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FAQ

What are the DeepBook and Walrus tokens?

DeepBook (DEEP) is an on-chain order book for decentralized trading, while Walrus (WAL) provides programmable data storage solutions. Both are native to the Sui blockchain.

Who can invest in Grayscale’s new trusts?

Currently, the trusts are available only to accredited and institutional investors, offering secure exposure to DEEP and WAL.

Why is the Sui blockchain attracting institutional interest?

Sui’s high throughput, parallel transaction processing, and developer-friendly environment make it ideal for scalable blockchain applications.

Will these trusts be available for public trading?

As of now, the trusts do not have secondary market liquidity, but future developments may open the door to broader investor participation.

How could this affect DEEP and WAL prices?

Institutional adoption through Grayscale could increase visibility and demand, potentially influencing price movements over time.