other material
confidence high
sentiment neutral
materiality 0.40
Grayscale Horizen Trust (ZEN) replaces Genesis with Grayscale Securities as distributor and sole authorized participant
Grayscale Horizen Trust (ZEN)
- Effective Oct 3, 2022, Grayscale Securities (wholly-owned affiliate of Sponsor) becomes distributor, marketer, and sole Authorized Participant for ZEN.
- Prior distributor and Authorized Participant Genesis Global Trading terminated; Genesis will continue as a Liquidity Provider for Grayscale Securities.
- Grayscale Securities is a registered broker-dealer and FINRA member; its employees include FINRA-licensed staff from Sponsor and Digital Currency Group.
- The Participant Agreement allows use of Liquidity Providers to source Horizen tokens for creation of shares.