Grayscale Launches DeepBook and Walrus Trust, Deploying Key Protocols for the Sui Ecosystem
PANews reported on August 12th that Grayscale announced the establishment of two single-asset trusts, DeepBook and Walrus , which hold the native tokens of the Sui blockchain, DEEP and WAL , respectively. DeepBook provides a liquidity layer for decentralized financial applications on the Sui network, while Walrus focuses on on-chain data storage and privacy, supporting cross-chain applications. The two tokens have a market capitalization of $ 372 million ( DEEP ranks 226th ) and $ 559 million ( WAL ranks 168th ), respectively. Their prices have fallen by approximately 5% and 3% , respectively, over the past 24 hours. The trust products are open only to qualified investors with daily subscriptions and do not promise secondary market trading.
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Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more