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DCG, known for founding the largest institutional crypto fund Grayscale and the leading mining pool Foundry Labs, has invested $10 million in Railgun (RAIL) project tokens. This startup hides information about investors from transactions on public blockchains of the first level using the ZK-SNARK mechanism.
Railgun has already deployed smart contracts on Ethereum and Binance Smart Chain, and the team is now mastering Solana, Polkadot, and the Polygon layer 2 protocol.
DCG not only acquired RAIL tokens, but also invested $7 million in the DAO Railgun fund, which independently invests in various liquidity pools. Support for the anonymization of transactions on the blockchain is similar to the company’s credo, given the presence of shares of the ZCash and Horizen cryptocurrencies in the Grayscale fund.
DCG’s investment was the reason for the growth of RAIL, which has shown high volatility since the beginning of 2022. Despite the fall of the cryptocurrency market, the token soared by 400% in the first half of January and managed to lose half of its value.
#Grayscale #Owners #Invest #DeFi #Anonymization