Grayscale Bittensor Trust adds Coinbase as additional TAO custodian under prime broker agreement
COIN•Grayscale Bittensor Trust added Coinbase as a custodian for a portion of its TAO holdings, while BitGo remains its primary custodian. The sponsor has not specified how much TAO may move to Coinbase.
1. Updated custody arrangements
The trust added Coinbase as an additional custodian for part of its TAO holdings under an amended Coinbase Prime Broker Agreement. BitGo remains the primary custodian under an amended and restated custody agreement. The sponsor has not set how much TAO will move to Coinbase, citing risk management as the trust’s assets grow.
2. Prior agreement terminated
The trust terminated its prior BitGo custody agreement dated March 12, 2025, in connection with the updated BitGo arrangement.
