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Available to the Republic community of investors through a special partnership
The next wave of AI innovation powered by blockchain
Access emerging AI and finance funds from Grayscale, with investment starting at just $2,500.
Accredited Investors only
About Grayscale
Grayscale is a leading digital asset firm specializing in cryptocurrency related investments since 2013. The firm introduced the first publicly traded Bitcoin fund, the first Ethereum fund, and first SEC reporting cryptocurrency funds. The company is the largest digital asset-focused investment platform based on assets under management (AUM). *
Digital Asset Expertise
Pioneering expertise in asset selection and fund development
Custody-Free Exposure
Exposure to digital assets without the need to buy, store, and safekeep directly
Tax-Advantaged Access
Eligible for certain tax-advantaged accounts
* Largest digital asset-focused investment platform based on AUM as of 9/30/2026. For other companies in this category, AUM is considered as of most recent public disclosure.
Fund 01
Grayscale Decentralized Finance Fund
The tokenized infrastructure
powering onchain finance.
Onchain finance is positioned to take advantage of growing regulatory clarity and institutional adoption. Key protocols are poised to bring tokenized assets to life, offering the same capabilities for trading, lending, and yield typically reserved for public market assets, this time on a 24/7 basis.
Highlights
Holdings
Uniswap
UNI
Aave Token
AAVE
Ondo
ONDO
Ethena
ENA
Curve Dao
CRV
Lido Dao
LDO
NAV per share
$12.62
(as of Oct 14, 2026)
Minimum investment
$2,500
Who can invest
US accredited
Select Holdings
Aave Token
AAVE
Onchain banking without a banker.
Estimated $88B in monthly transaction volume. ¹
Annualized run rate of $400M in revenue. ²
Key Project Investors:
Uniswap
UNI
Onchain P2P trading without a broker or exchange.
Lightning-fast speed for high-frequency trading.
Annual trading volume exceeds $1 trillion. ³
Key Project Investors:
Fund 02
Grayscale Decentralized AI Fund
Developing decentralized frameworks to counter the concentration of AI power.
AI networks are quickly becoming concentrated in a small number of models, running the risk of power being concentrated in the hands of a few. This fund invests in viable alternatives that seek to provide the same kind of open, global decentralized networks that Bitcoin did for digital money.
Highlights
Holdings
Near Protocol
NEAR
Render
RENDER
Bittensor
TAO
Filecoin
FIL
NAV per share
$3.68
(as of Oct 14, 2026)
Minimum investment
$2,500
Who can invest
US accredited
Select Holdings
Near Protocol
NEAR
Powering transactions at the speed of scale.
Allowing user accounts and smart contracts to operate across blockchains.
Massive scalability at 1M transactions per second at fees under $0.01. ⁴ ⁵
Key Project Investors:
Bittensor
TAO
The decentralized alternative for building AI models.
A scalable open alternative for major AI development.
Allows for serverless AI inference at costs up to 85% less. ⁶
Key Project Investors:
Fund 03
Grayscale Data Network Trust
Certified human data powering the future of AI model development.
A bottleneck for AI models is trustworthy human data. Data that can’t be traced can’t be trained on. The Data Network is building that trust layer through Trace, its onchain registry for AI training data and integration with Kled, one of the world's largest opt-in human data marketplaces.
Highlights
Holdings
Data Network
$DATA
NAV per share
$0.57
(as of Oct 14, 2026)
Who can invest
US accredited
Minimum investment
$2,500
Select Holdings
Data Network
$DATA
Programmable, traceable IP at global scale.
Programmable, traceable IP at global scale.
$DATA allows human voice, video, and knowledge data to carry a verifiable receipt for every record. This auditable information gives AI hyperscalers and individual developers a data source they can trust for model training while ensuring contributors are compensated.
Key Project Investors:
Private placement securities are speculative, illiquid, and entail a high level of risk, including a partial or total loss of invested funds. Grayscale Products are not suitable for any investor that cannot afford loss of the entire investment. Past performance is not indicative of future returns. Performance information contained herein reflects the Product's ongoing private placement of restricted shares or, as applicable for publicly quoted shares, the closing price of the Product's shares at 4pm, New York time, on OTC Markets and excludes administrative fees or other expenses. Holdings subject to change.
Grayscale emerging digital asset funds, now available through Republic
Important Disclosures
Private placement securities are speculative, illiquid and involve a high degree of risk, including loss of your entire investment. The products are suitable only for investors who can bear that loss. Carefully consider each product's investment objective, risk factors, fees and expenses before investing. This and other information is in each product's private placement memorandum and subscription documents, available through the Republic platform. Read them carefully before investing.
The shares are not registered under the Securities Act of 1933 (the "Securities Act"), the Investment Company Act of 1940 or any state securities laws or the securities laws of any other jurisdiction. Shares are offered in concurrent private placements, (i) under Rule 506(c) of Regulation D under the Securities Act to accredited investors only (whose status must be verified), and (ii) under Regulation S under the Securities Act, only to persons that are not U.S. persons (as defined in Rule 902(k)) in offshore transactions (as defined in Rule 902(h)). Shares are restricted securities subject to significant limits on resale and transfer, and are not redeemable.
Shares sold under Regulation S may be resold only in accordance with Regulation S, pursuant to registration under the Securities Act or pursuant to an available exemption from registration, and, during the applicable distribution compliance period under Regulation S, may not be offered or sold to U.S. persons or for the account or benefit of U.S. persons. Hedging transactions involving shares sold under Regulation S may not be conducted unless in compliance with the Securities Act. Shares sold under Regulation S are "restricted securities" under Rule 144 (see Rule 905). Each product will refuse to register any transfer that is not made in accordance with these restrictions.
This content is not an offer to sell, or a solicitation of an offer to buy, shares in any jurisdiction or to any person to whom such an offer or solicitation would be unlawful. Shares are not offered under Regulation S to any person in the United States or to any U.S. person. Investors outside the United States are responsible for complying with the laws of their jurisdiction; any jurisdiction-specific notices are in each product's private placement memorandum and subscription documents.
Each product's shares are intended to reflect the value of the digital asset(s) it holds, less expenses and liabilities. Because no product operates a redemption program, share value may not track that figure, and a product may not achieve its investment objective.
NAV and performance figures shown are as of the date indicated, for informational purposes only, and are not an investors purchase price.
Digital assets have experienced extreme volatility and may continue to. Digital assets are also subject to custody, protocol, cybersecurity and regulatory risks described in each private placement memorandum.
Past performance does not guarantee future results. Performance shown is NAV-based, is not a market price, and excludes administrative fees or other expenses.
Grayscale Investments Sponsors, LLC and its affiliates are not affiliated with Republic, OpenDeal Broker LLC or their affiliates. Nothing on this page is investment, legal or tax advice. Consult your own advisers, including regarding the tax and other consequences of an investment in your jurisdiction of residence and eligibility for tax-advantaged accounts.
Grayscale Operating, LLC and its affiliates, directors, officers, and employees may have interests, financial or otherwise, in the digital assets and/or securities discussed.
© 2026 Grayscale Investments Sponsors, LLC.
OpenDeal Broker LLC is a registered broker-dealer and a member of FINRA and SIPC. Investment opportunities are not issued or guaranteed by OpenDeal Broker LLC or its affiliates.
Neither the Securities and Exchange Commission nor any federal or state securities regulator has recommended or approved these investment opportunities or passed upon the accuracy or completeness of the offering materials.
Investments are not FDIC-insured. SIPC protection, where applicable, does not protect against declines in investment value or investment losses.
This best-efforts capital raise is not contingent upon the Issuer raising any minimum aggregate offering amount to execute its business objectives.
The shares are not registered under the Securities Act of 1933 (the "Securities Act"), the Investment Company Act of 1940 or any state securities laws or the securities laws of any other jurisdiction. Shares are offered in concurrent private placements, (i) under Rule 506(c) of Regulation D under the Securities Act to accredited investors only (whose status must be verified), and (ii) under Regulation S under the Securities Act, only to persons that are not U.S. persons (as defined in Rule 902(k)) in offshore transactions (as defined in Rule 902(h)). Shares are restricted securities subject to significant limits on resale and transfer, and are not redeemable.
Shares sold under Regulation S may be resold only in accordance with Regulation S, pursuant to registration under the Securities Act or pursuant to an available exemption from registration, and, during the applicable distribution compliance period under Regulation S, may not be offered or sold to U.S. persons or for the account or benefit of U.S. persons. Hedging transactions involving shares sold under Regulation S may not be conducted unless in compliance with the Securities Act. Shares sold under Regulation S are "restricted securities" under Rule 144 (see Rule 905). Each product will refuse to register any transfer that is not made in accordance with these restrictions.
This content is not an offer to sell, or a solicitation of an offer to buy, shares in any jurisdiction or to any person to whom such an offer or solicitation would be unlawful. Shares are not offered under Regulation S to any person in the United States or to any U.S. person. Investors outside the United States are responsible for complying with the laws of their jurisdiction; any jurisdiction-specific notices are in each product's private placement memorandum and subscription documents.
Each product's shares are intended to reflect the value of the digital asset(s) it holds, less expenses and liabilities. Because no product operates a redemption program, share value may not track that figure, and a product may not achieve its investment objective.
NAV and performance figures shown are as of the date indicated, for informational purposes only, and are not an investors purchase price.
Digital assets have experienced extreme volatility and may continue to. Digital assets are also subject to custody, protocol, cybersecurity and regulatory risks described in each private placement memorandum.
Past performance does not guarantee future results. Performance shown is NAV-based, is not a market price, and excludes administrative fees or other expenses.
Grayscale Investments Sponsors, LLC and its affiliates are not affiliated with Republic, OpenDeal Broker LLC or their affiliates. Nothing on this page is investment, legal or tax advice. Consult your own advisers, including regarding the tax and other consequences of an investment in your jurisdiction of residence and eligibility for tax-advantaged accounts.
Grayscale Operating, LLC and its affiliates, directors, officers, and employees may have interests, financial or otherwise, in the digital assets and/or securities discussed.
© 2026 Grayscale Investments Sponsors, LLC.
OpenDeal Broker LLC is a registered broker-dealer and a member of FINRA and SIPC. Investment opportunities are not issued or guaranteed by OpenDeal Broker LLC or its affiliates.
Neither the Securities and Exchange Commission nor any federal or state securities regulator has recommended or approved these investment opportunities or passed upon the accuracy or completeness of the offering materials.
Investments are not FDIC-insured. SIPC protection, where applicable, does not protect against declines in investment value or investment losses.
This best-efforts capital raise is not contingent upon the Issuer raising any minimum aggregate offering amount to execute its business objectives.
