Grayscale Stellar Lumens Trust enters Prime Broker Agreement with Coinbase, effective upon NYSE Arca uplisting

Grayscale Stellar Lumens Trust (XLM)

Prime Broker Agreement with Coinbase entities becomes effective upon Trust's uplisting to NYSE Arca.
Custodian Coinbase Custody holds XLM in cold storage vault balance; settlement balance may be in omnibus hot/cold wallets.
Custodian liability capped at $100M per cold storage address; aggregate liability limited to greater of 12-month fees or $5M.
Sponsor pays annualized fee based on monthly AUM and monthly fee for creation/redemption activity.

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