Grayscale Stellar Lumens Trust began trading on OTCQX under ticker GXLM, alongside new Grayscale trusts for Horizen and Zcash. This marks the first time XLM is available as a publicly-quoted security on a U.S. market.
OTC Markets Group announced that Grayscale Stellar Lumens Trust (GXLM), Grayscale Horizen Trust (HZEN), and Grayscale Zcash Trust (ZCSH) have qualified to trade on the OTCQX Best Market. The Stellar Lumens Trust holds XLM and allows investors to gain exposure to the digital currency through publicly-quoted shares. Grayscale's Head of Legal called this an important milestone for digital currencies, demonstrating asset class maturation. U.S. investors can now access these trusts through traditional market infrastructure with transparent trading and financial disclosures.