Grayscale Launches SXT Trust: Microsoft-Backed Protocol Enters Institutional Markets

Updated 15 minutes ago by · 2 mins read

Grayscale has introduced a new investment trust for Space and Time’s SXT token, focusing on decentralized data compute infrastructure that bridges AI and blockchain technology for enterprise applications.

Grayscale has launched a new investment trust targeting Space and Time’s SXT token, bringing decentralized data compute into the spotlight as AI and blockchain converge.

The launch marks a notable shift in digital infrastructure investments, bringing together decentralized data compute and legacy financial access through a familiar single-asset trust structure.

Space and Time Targets Web3’s ‘Missing Link’

Space and Time, the Microsoft-backed protocol, is built to deliver real-time, verifiable data for smart contracts and artificial intelligence. Unlike legacy blockchains that struggle with high-speed computation, Space and Time acts like a decentralized data warehouse, syncing off-chain and on-chain inputs for apps that demand trusted data.

The SXT token powers the network by securing transactions and facilitating payment for data processing. Grayscale’s trust mirrors its single-asset format and is open to accredited investors looking for regulated access to the project.

Rayhaneh Sharif-Askary, Grayscale’s Head of Product, said verifiable data is “essential” as the digital economy enters its next era—one increasingly driven by smart agents and decentralized compute.

SXT Breaks Out as Momentum Returns

SXTUSD price dynamics | Source: TradingView

On the 4-hour chart, SXT price has decisively broken above a descending parallel channel, with price trading near $0.0752 at the time of writing. The move follows a mid-range reclaim and breakout from upper channel resistance.

RSI has risen to 70.49, indicating strong buying interest and entry into overbought territory. The 14-period RSI average at 49.06 confirms a bullish divergence. If the $0.073–$0.075 zone flips into support on a retest, continuation toward $0.095–$0.10 could follow. That level aligns with a historical supply zone.

However, a failure to hold above $0.073 might trigger a pullback toward the lower band of the former channel.

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