Grayscale Debuts Story Protocol Trust to Target $80T IP Market

Grayscale has launched the Grayscale Story Trust, a new investment vehicle offering accredited investors exposure to $IP, the native token of the Story Protocol — a blockchain-powered infrastructure for programmable intellectual property.

The Trust is designed to give institutional access to the emerging market for digital IP rights, which the Story Protocol seeks to transform by embedding licensing, royalty, and attribution mechanics directly into smart contracts. By turning media, biometric data, and AI inputs into programmable assets, Story aims to overhaul traditional IP workflows and enable direct monetization on-chain.

As of now, $IP is trading at $5.94, reflecting a more than 100% increase over the past month, amid rising interest in tokenized data rights and AI-compatible licensing solutions.

The protocol has already processed over 1.7 million IP-related transactions and attracts more than 200,000 monthly users, according to the foundation. Use cases span creators tagging their voice or likeness in content, to AI developers sourcing compliant data, and even robotics firms using structured datasets in autonomous systems. One flagship initiative, Poseidon, helps channel sensor data into real-world applications like surgical robotics and self-driving vehicles.

Grayscale’s move continues its strategy of expanding beyond flagship products like the Bitcoin Trust (GBTC) into niche sectors with strong thematic tailwinds. The Story Trust joins other single-asset offerings tailored to institutions seeking regulated exposure to blockchain-based infrastructure and innovation.

Like Grayscale’s other products, the Trust is available for daily subscription by accredited investors. However, it does not ensure secondary market availability, and previous Grayscale vehicles have historically traded at premiums or discounts to net asset value — a factor both risk-conscious and opportunistic investors should consider.