Gray-scale CFO: Will continue to explore the possibility of implementing pledge in gray-scale products

BlockBeats news, on August 15, Gray Scale CFO Edward McGee explained the mechanism of pledging digital assets and the potential impact on investors, McGee said that although Gray Scale is not currently pledging assets in any investment vehicle, but the team has been working hard to find a solution, Enable investors to reduce risk while earning the returns associated with the pledge. McGee mentioned that the risks assessed by the company include tax treatment and liability as well as technical and operational risks that could lead to asset loss, and mentioned that institutional level organizations may be hired to help monitor and mitigate new or emerging risks. After analysis, gray American gift trust fund is impossible to pledge, but the team has been trying to find relevant solutions. As for when gray will pledge its eligible gray products, McGee said it is not certain at this time and will continue to explore the possibility of pledge in gray products.