Grayscale Introduces New Trust Focused on Story Protocol and the Expanding $80T IP Market

Grayscale Launches Story Protocol Trust, Targeting Blockchain-Driven IP Market

Grayscale has unveiled the Grayscale Story Trust, giving accredited investors direct exposure to $IP, the native token of Story Protocol — a blockchain platform focused on turning intellectual property into programmable digital assets.

The launch marks Grayscale’s continued expansion into niche digital asset sectors. With an estimated $80 trillion in global IP value, Story Protocol aims to modernize how content — from music and video to biometric data and AI models — is owned, licensed, and monetized.

Story’s infrastructure enables smart contract-based licensing, royalty distribution, and attribution embedded into NFTs. This allows creators and enterprises to encode usage rights directly into digital files — automating enforcement and reducing reliance on intermediaries.

Currently, $IP trades at $5.94, having more than doubled over the past month. The protocol reports over 1.7 million IP-linked transactions and 200,000+ monthly users, highlighting strong early adoption. Real-world applications include content rights tagging, AI data compliance, and autonomous systems integration via initiatives like Poseidon.

Grayscale’s new vehicle joins its lineup of single-asset trusts designed to provide institutional-grade exposure to emerging blockchain technologies. As with other Grayscale products, the Story Trust is open to daily subscriptions for accredited investors, though it does not guarantee future secondary market trading.

While past Grayscale trusts have seen varying degrees of price deviation from underlying asset value, the Story Trust aims to give institutions a front-row seat to the tokenization of intellectual property.