---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-019177"
form_type: "8-K"
ticker: "GXLM"
cik: "0001761325"
company_name: "Grayscale Stellar Lumens Trust (XLM)"
filed_at: "2022-10-03T23:59:59+00:00"
generated_at: "2026-06-23T06:04:11.553661+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Grayscale Stellar Lumens Trust names affiliate Grayscale Securities as distributor and authorized participant

## Summary
- 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.

## SEC filing metadata
- accession: 0000950170-22-019177
- form_type: 8-K
- ticker: GXLM
- cik: 0001761325
- company_name: Grayscale Stellar Lumens Trust (XLM)
- filed_at: 2022-10-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 1.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1761325/000095017022019177/0000950170-22-019177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1761325/000095017022019177/gxlm-20221003.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-019177
- JSON: https://secwatch.observer/filing/0000950170-22-019177.json
- Plain text: https://secwatch.observer/filing/0000950170-22-019177.txt

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