The giant digital currency investment group is currently running up to 9 cryptocurrency funds – Grayscale – has publicly announced its latest successful launch of the new Cryptocurrency Investment Trust for the Stellar’s Lumen (XLM) token through Twitter on January 17th. The new launch is also said to have been organized to align with Grayscale’s new product image rebranding plan, changing all the single-currency products’ name to trusts.

Michael Sonnenshein – managing director of Grayscale – told Fortune magazine that the new launch for Stellar is a response to the requests from investors hoping to acquire further experience and obtain more knowledge regarding the XLM’s price movement.

“I think the theory is a sound one. An American bank may be keeping large amounts of currencies in foreign banks, and to be able to bring those balances of foreign currencies onto a balance sheet as working capital is valuable. Financial institutions won’t be required to hold balances all over the place. This will improve efficiency and shore up balance sheets for other uses.” Michael explains more about the positive business solution Stellar can bring to help resolve the crypto to fiat currency conversions problems.

Stellar is looking at an optimistic prospect in the last few months of the business year, as the new trust has just agreed on a deal with the cryptocurrency wallet provider Blockchain.com in distributing 125 million dollars of XLM in an airdrop to help it gain more and more adoption and awareness on the market.