other material
confidence high
sentiment neutral
materiality 0.45
Grayscale Zcash Trust replaces distributor and AP: Grayscale Securities in, Genesis out
Grayscale Zcash Trust (ZEC)
- Effective Oct 3, 2022, Grayscale Securities becomes the Trust's distributor, marketer, and sole authorized participant.
- Genesis is terminated as distributor and authorized participant but continues as a liquidity provider.
- Grayscale Securities is a wholly-owned subsidiary of the Sponsor (Grayscale Investments).
- Participant Agreement allows Grayscale Securities to engage liquidity providers (including Genesis) to source Zcash for share creations.