Grayscale Launches Story Protocol Fund Aiming to Capture Growth in the Global IP Industry

Grayscale Launches Story Trust to Capture Blockchain IP Market Opportunity

Grayscale has introduced the Grayscale Story Trust, a new investment product offering accredited investors exposure to $IP, the native token of Story Protocol, which powers programmable digital rights on-chain.

Story Protocol enables creators to encode licensing terms, royalties, and ownership rules directly into smart contracts, streamlining IP management across music, video, AI datasets, and biometric data. Its programmable structure removes intermediaries and ensures transparent rights enforcement.

Currently trading at $5.94, $IP has surged over 100% in the past month as adoption accelerates. The protocol has logged more than 1.7 million IP-related transactions and serves over 200,000 monthly users, according to the foundation.

One key initiative, Poseidon, is already using Story’s infrastructure to deliver real-time data into AI-driven systems such as surgical robots and autonomous vehicles.

Grayscale’s move into the blockchain IP space expands its lineup of single-asset investment vehicles beyond core crypto assets. As with other Grayscale trusts, Story Trust is open for daily subscription to accredited investors, though secondary market availability remains uncertain.

The launch underscores growing investor interest in blockchain-based ownership and licensing as IP markets—estimated to be worth over $80 trillion globally—evolve in the digital age.