---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-019173"
form_type: "8-K"
ticker: "HZEN"
cik: "0001748945"
company_name: "Grayscale Horizen Trust (ZEN)"
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T06:03:16.738012+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Grayscale Horizen Trust (ZEN) replaces Genesis with Grayscale Securities as distributor and sole authorized participant

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-019173
- form_type: 8-K
- ticker: HZEN
- cik: 0001748945
- company_name: Grayscale Horizen Trust (ZEN)
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1748945/000095017022019173/0000950170-22-019173-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1748945/000095017022019173/hzen-20221003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-019173
- JSON: https://secwatch.observer/filing/0000950170-22-019173.json
- Plain text: https://secwatch.observer/filing/0000950170-22-019173.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.