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# Nasdaq Seeks to Offer Grayscale’s Polkadot Trust Stock
Nasdaq has submitted a request to the U.S. Securities and Exchange Commission (SEC) to offer shares of the Grayscale Polkadot Trust, which could simplify the process for investors to monitor Polkadot’s value.
As per recent documents, Nasdaq is seeking to list and trade shares of the Grayscale Polkadot Trust under its exchange guidelines for commodity-based trust shares. The trust, established by affiliates of Digital Currency Group, seeks to offer investors access to Polkadot, the indigenous token of the Polkadot network.
The submission, outlined in an SEC statement released in the Federal Register, identifies Coinbase Custody Trust Company as the custodian and BNY Mellon Asset Servicing as the administrator. The shares will trade under the symbol DOT.
## Regarding the Polkadot Fund
Initiated in January 2021, the fund solely possesses Polkadot. Each share represents a segment of the Polkadot held by the fund, based on the CoinDesk Indices price, less charges. Investors can trade shares in large quantities instead of directly holding the tokens. According to the filing, Grayscale Investments will oversee the fund after May 3, 2025.
Polkadot’s decentralized platform utilizes DOT for governance and staking, linking parallel chains through its Relay Chain, a public ledger for all transactions. Currently, Polkadot (DOT) is trading at $4.37, with a decline of -6.11% over the past week and -31.2% over the past month, as reported by crypto.news.
## Promoting Usage and Liquidity
If sanctioned by the SEC, listing the Grayscale Polkadot Trust on Nasdaq would provide conventional investors TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America a controlled means to invest in Polkadot, potentially enhancing its usage and liquidity within the market.
