Grayscale Unveils Story Trust Amid Blockchain IP Boom

- Grayscale debuts single-asset Story Trust for IP token exposure. - The trust targets institutional investors seeking blockchain-driven IP solutions. On July 31, 2025, Grayscale announced a new single-asset trust focused exclusively on the IP token. This launch signals growing institutional interest in blockchain-based intellectual property management, as the Grayscale® Story Trust gives accredited investors exposure to "IP," the native token of the Story network. The Story network is a Layer 1 blockchain designed to address challenges in intellectual property management. According to reports on July 31 from The Block, Crypto News, and GlobeNewswire, the Story network tackles intellectual property issues, particularly as artificial intelligence reshapes the creative landscape. The network tokenizes intellectual property as non-fungible tokens (NFTs) with embedded legal compliance mechanisms. This system enables on-chain licensing, attribution, and royalty flows, an approach that allows creators to register, remix, and monetize their IP while adhering to intellectual property laws. The Grayscale® Story Trust mirrors the structure of Grayscale's other single-asset trusts and holds only the IP token. Its launch represents a significant step forward by providing institutional investors with regulated pathways into an emerging blockchain ecosystem that has already shown remarkable adoption. The Story protocol, for instance, has logged over 1.7 million intellectual property transactions and attracted a user base of more than 200,000 active monthly participants. In addition, the project has drawn investments from top-tier venture firms, including a16z crypto, Samsung Next, and Polychain Capital, which underscores its industry potential. As of 20:14 UTC on July 31, Story (IP) traded at $6.273. This price reflects a 5.128% change in the past 24 hours, while trading volume surged by 83.881% during the same period, highlighting increased market activity around the token.