Grayscale launched an Investment trust for Zen the cryptocurrency from Horizen (Zencash is now
Horizen).
Grayscale has currently only a few crypto assets. Perhaps less than a dozen. It prefers quality over quantity. Having a just a few cryptos is showing how strict this asset manager is while choosing a crypto, making a deep due diligence before investing in anything (everyone should by the way).
The team behind Horizen is surely proud to see Grayscale looking closely at Zen, it's a great reward for them for sure
With Grayscale adding Zen it opens the doors to institutional and accredited investors. What does it mean? It means than crypto asset managers do believe in the potential of Zen. And they are smarter than us with funds management. Institutional investors can now invest in crypto without the fear of regulation, etc. Be sure to see some big investors coming to Zen very soon
Digital Currency Group is also looking at Zen, because the group is interested with privacy coins, if you don't know what is behind the Digital Currency Group, check out its portfolio, you're surely familiar with a lot of them
https://dcg.co/portfolio/Technically speaking, Horizen has more than a cryptocurrency to offer. Check out the website to know what products the team is working on. It also has R&D projects with
IOHK for DAO voting system and scaling solution (IOHK is from Cardano dev.)
The team is not a bunch of geeks, they are passionate, have an ideology and are dedicated to work on Horizen. While some cryptos have just a few members on their team, Horizen has 50, 50 people working together and joining their skills.