Grayscale has unveiled a new single-asset investment vehicle centered on the Space and Time (SXT) token, according to a June 24 announcement.
The fund, officially named the Space and Time Trust, offers accredited investors direct exposure to one of the crypto sector’s newest data infrastructure projects. Individual and institutional participants can subscribe to the Trust daily.
The Microsoft-backed protocol aims to merge decentralized architecture with enterprise-grade data capabilities, and Grayscale’s move signals growing institutional interest in its long-term potential. This development follows Space and Time’s May public mainnet launch.
Following the news, the value of SXT surged over 15%, climbing to $0.075 as of press time, according to CryptoSlate’s data.
Why Grayscale opened a Trust for Space and Time
Space and Time offers a decentralized database where smart contracts can securely access on-chain, off-chain, and cross-chain data.
The platform indexes data from blockchain networks like Ethereum, Bitcoin, and Sui, making it available through a decentralized network of validators. The goal is to bring transparency, speed, and integrity to data-driven applications across DeFi, AI, and beyond.
The protocol offers a zero-knowledge (ZK)-verified data layer that supports complex, cross-chain queries. Its architecture enables smart contracts to access historical, off-chain, and multi-network data securely.
Crypto developers can use the platform’s Proof of SQL engine, a sub-second ZK coprocessor, to retrieve data alongside cryptographic guarantees. This allows applications to fetch verified data almost instantly, without trusting a central party.
Rayhaneh Sharif-Askary, Grayscale’s Head of Product and Research, explained that the project is designed to fill a critical gap in blockchain architecture.
According to her, it is a timely innovation in the evolving data landscape and decentralized computing. She emphasized the project’s focus on verifiable data as a key enabler for trustworthy AI models and smart contract execution.
She said:
“As we enter the next age of computing, transparency is paramount…[Space and Time] is a project that combines blockchain technology with enterprise-grade data architecture, enabling a wide range of use cases across Web 2.0 and Web 3.0.”
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