other material
confidence high
sentiment neutral
materiality 0.50
Grayscale Stellar Lumens Trust names affiliate Grayscale Securities as distributor and authorized participant
Grayscale Stellar Lumens Trust (XLM)
- Effective Oct 3, 2022, Grayscale Securities becomes sole distributor and marketer of Trust shares.
- Grayscale Securities also becomes sole authorized participant, replacing Genesis Global Trading.
- Prior distribution and participant agreements with Genesis terminated; Genesis continues as liquidity provider.
- Grayscale Securities is a registered broker-dealer and wholly-owned subsidiary of the Sponsor.