Grayscale Horizen Trust (ZEN)

Grayscale Horizen Trust (ZEN) is a Delaware statutory trust established to hold the digital asset Horizen (ZEN). The trust issues common units of fractional undivided beneficial interest, called Shares, to accredited investors in exchange for deposits of ZEN tokens. It operates through the periodic issuance of Baskets consisting of 100 Shares each and does not offer an ongoing redemption program. The trust enables investors to gain indirect exposure to Horizen through a security format, eliminating the need to directly acquire, store, and safeguard the underlying cryptocurrency.

The trust maintains its principal executive offices in Stamford, Connecticut, United States. It possesses no physical branches, retail storefronts, or manufacturing properties. Operating within the United States financial markets, the trust has its Shares publicly quoted for secondary trading on OTC Markets Group's OTCQX Best Market under the symbol HZEN. Its underlying digital assets are held through a third-party institutional custodian rather than managed across physical facilities.

Summary of the business section of Grayscale Horizen Trust (ZEN)'s latest annual report, written by StockData.