Grayscale Launches Story Trust to Offer Regulated Exposure to Tokenized Intellectual Property
Grayscale has introduced the Grayscale Story Trust, a new investment product aimed at providing accredited investors with exposure to $IP, the utility token powering Story Protocol — a blockchain infrastructure designed to make intellectual property programmable and tradable.
The protocol seeks to transform how digital content, such as music, video, biometric data, and AI training sets, is licensed, monetized, and enforced across decentralized ecosystems. By embedding licensing rules and royalty terms directly into NFTs, Story enables creators to manage rights and compensation without third-party intermediaries.
Currently trading at $5.94, $IP has surged more than 100% in the past month amid growing adoption. Story Protocol has processed over 1.7 million transactions and serves more than 200,000 active users. Use cases span from on-chain identity management to feeding real-world sensor data into AI systems, such as self-driving cars and robotic surgical tools, via initiatives like Poseidon.
Grayscale’s latest launch is part of its strategy to expand beyond flagship products like the Grayscale Bitcoin Trust (GBTC) and target high-growth blockchain verticals. The new Story Trust is open to daily subscriptions from accredited investors, though it does not guarantee secondary market availability — a hallmark of Grayscale’s single-asset trusts that can trade at premiums or discounts over time.
The move underscores institutional interest in tokenized IP as a frontier market, aligning with broader trends in on-chain digital rights and the growing convergence of blockchain, AI, and content creation.
