Grayscale Investment has made a compliance move in its crypto investment by filing an 8-K form for the Grayscale Horizen Trust (HZEN) with the U.S. Securities and Exchange Commission (SEC). The submission shows that the Trust offered 3,565,200 shares, equalling 304,034 ZEN tokens ($4.7 million), in a private offering to accredited investors.
Form 8-K is mandatory filing for companies. It is supposed to make the public aware of a company’s significant events in real time.
The Grayscale filing will inform existing investors and anyone looking to invest in critical developments within the Horizen Trust in compliance with SEC laws. The news of this filing has born early dividends as it has led to the token price jumping by 30%.
Horizen Trust offers a safe vehicle to capitalize on the blockchain
The Grayscale Horizen Trust gives qualified investors a safer, regulated, and cost-effective method to access Horizen’s blockchain platform, ZEN tokens.
Horizen was introduced as a private-centric blockchain that is scalable and can accommodate an active set of different decentralized applications. Horizon Trust offers a safe, compliant means for individuals eager to capitalize on the blockchain’s potential.
The Grayscale Horizen Trust periodically issues shares. Depending on the circumstances, they have the leeway to suspend, stop, or even discontinue the launch of shares at any time. Suspensions can occur during disruptions in the crypto network, such as airdrops or a fork. The ability to suspend the issuance of shares is an operational safeguard to balance risks and offer a stable means for investors to access ZEN’s value.
Horizen offers shares of trusts in baskets of 100 shares. To acquire shares, investors deposit an amount of ZEN equal to 100 times the number of ZEN represented by a single share at the time of creation to create a basket.
Grayscale has deliberated on expanding and growing its portfolio. In 2024, it introduced three more trusts, including Sky, formerly MakerDAO, Bittensor, and Sui protocol-native token-focused trusts.
As of today, December 2024, the Grayscale Horizen Trust traded at $5.30 per share for its close to $28.4 million assets under management (AUM). This Trust adds to Grayscale’s box of regulated crypto investment products. It also has flagship projects, like the Bitcoin and Ethereum trusts, GBTC, and ETHE.
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