Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
CoinDesk
SC Ventures, the venture arm of Standard Chartered, has invested $150 million into GSR, valuing the crypto market maker at over $1 billion.Summary
Standard Chartered’s venture capital division, SC Ventures, has acquired a $150 million stake in the crypto trading firm GSR, valuing the company at over $1 billion. This marks GSR’s first external investment since its founding in 2013. The partnership aims to build regulated, scalable infrastructure to bridge traditional finance with digital assets and expand institutional access to tokenization. This investment is part of Standard Chartered’s broader initiative to grow its digital asset footprint, which includes the recent launch of institutional crypto custody and spot trading services.
(Source：CoinDesk)