Grayscale launches first U.S. spot Chainlink ETF

Davis Polk advised Grayscale Investments on the successful uplisting of the Grayscale Chainlink Trust ETF (GLNK), the first spot Chainlink ETF listed in the United States. The transaction involved the successful uplisting of the Grayscale Chainlink Trust ETF to NYSE Arca under the generic listing standards recently approved by the U.S. Securities and Exchange Commission. The trust is one of the few investment vehicles offering exposure to LINK, the native digital asset of the Chainlink network, through traditional securities brokerage and retirement accounts. Shares of the trust are listed on NYSE Arca under the ticker GLNK. Chainlink, established in 2014, is a decentralized oracle network that connects on-chain applications with real-world data. As the most widely used oracle across public blockchains, Chainlink employs a network of node operators to support the reliability and accuracy of data delivered for a variety of use cases. Leading financial institutions and decentralized finance protocols rely on Chainlink’s infrastructure to support secure, scalable and interoperable financial products and services. Davis Polk advised Grayscale Investments with a team composed by: partners Joseph A. Hall (Capital Markets) and Daniel P. Gibbons (Capital Markets) and associate Dylan H. Lojac (Capital Markets); partner Zachary J. Zweihorn (Financial Institutions) and associates Justin Levine, Boaz B. Goldwater and Abigail Barney (Financial Institutions); partners Patrick E. Sigmon and Lucy W. Farr (Tax) and associates William Liang and Seth Cole (Tax). Members of the Davis Polk team are based in the New York and Washington, D.C. offices.

Grayscale launches first U.S. spot Chainlink ETF

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