SC Ventures named first external shareholder of GSR following strategic investment
The Block
SC Ventures has become GSR's first external strategic shareholder, aiming to strengthen institutional digital asset market infrastructure through a new partnership.Summary
SC Ventures, the fintech investment arm of Standard Chartered, has announced a strategic investment in crypto market maker GSR. This move makes SC Ventures the first external strategic shareholder in GSR since its 2013 founding. The partnership aims to combine GSR's market-making capabilities with Standard Chartered’s banking infrastructure, focusing on tokenization and the development of robust digital asset market infrastructure. This investment builds upon a recent professional relationship between the two firms, including GSR's prior investment in the SC Ventures-backed platform Libeara, as both companies work toward supporting institutional digital asset ecosystems.
(Source：The Block)