tl;dr
Grayscale has launched the Space and Time Trust, a single-asset investment vehicle focused on the Space and Time (SXT) token, providing accredited investors direct exposure to this Microsoft-backed decentralized data infrastructure project. The protocol integrates decentralized architecture with ent...
Grayscale has launched the Space and Time Trust, a single-asset investment vehicle that offers accredited investors direct exposure to the Microsoft-backed decentralized data infrastructure project Space and Time (SXT). This move highlights growing institutional interest in verifiable, cross-chain blockchain data solutions. The protocol combines decentralized architecture with enterprise-grade data capabilities, allowing smart contracts to securely access on-chain, off-chain, and cross-chain data with zero-knowledge verification, enhancing transparency and data integrity in applications across DeFi, AI, and beyond.
Following the announcement of the Trust, the SXT token price surged over 15%, reflecting strong market enthusiasm. The Space and Time platform provides a decentralized database indexed from multiple blockchain networks, including Ethereum, Bitcoin, and Sui, accessed via a decentralized network of validators. Its zero-knowledge-verified data layer supports complex, cross-chain queries, enabling nearly instantaneous retrieval of verified data through the Proof of SQL engine, eliminating the need to trust a single central entity.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, emphasized that the project addresses a crucial gap in blockchain architecture by merging blockchain technology with enterprise-grade data management. This innovation is positioned as key for enabling trustworthy AI models and reliable smart contract execution, particularly as the digital ecosystem transitions towards greater transparency and decentralized computing. The launch of the Space and Time Trust follows the public mainnet launch of the protocol and signals an important institutional recognition of data infrastructure's role in the evolving blockchain landscape.