Grayscale Launches New Funds for DEEP and WAL Tokens
Grayscale, the world’s largest digital asset-focused investment platform, has announced a new fund for two surprising altcoins.
Accordingly, Grayscale has launched two new trusts for DEEP and WAL, the native tokens of the DeepBook and Walrus protocols on the Sui (SUI) blockchain.
Accordingly, Grayscale has launched two new single-asset investment funds offering exposure to DEEP and WAL tokens, two protocols that provide trading and data infrastructure within the Sui blockchain ecosystem.
The Grayscale DeepBook Trust and Grayscale Walrus Trust will only hold DEEP and WAL tokens, respectively. Grayscale already offers a trust for the SUI token.
The official statement also stated that Grayscale DeepBook and Walrus Trust are open to eligible individual and institutional accredited investors.
Rayhaneh Sharif-Askary, Head of Product and Research at Grayscale, said the products provide investors with access to “two core protocols that are driving innovation in the Sui ecosystem.”
Adeniyi Abiodun, co-founder and chief product officer of Mysten Labs, described the launches of DEEP and WAL as a “pivotal moment” for Sui, noting that Walrus and DeepBook provide critical infrastructure for blockchain adoption.
“With Grayscale DeepBook and Walrus Trust, investors will now have direct access to two core protocols in the Sui ecosystem. Through continuous innovation, Sui is helping shape the future of blockchain applications, and we believe Walrus and DeepBook will play a significant role in this movement,” said Adeniyi Abiodun, Co-Founder and CPO of Mysten Labs.
Following the news, DEEP and WAL prices rose.
We’re excited to announce two new products, the Grayscale DeepBook and Walrus Trusts
$DEEP
$WAL
. Built on @SuiNetwork, $WAL helps enable decentralized data management at scale, while $DEEP serves as the foundational liquidity layer for DeFi applications.
pic.twitter.com/DdrtH5xbKA — Grayscale (@Grayscale) August 12, 2025
*This is not investment advice.
