StanChart VC arm invests in crypto firm GSR at $1 billion-plus value
Crypto Briefing
Standard Chartered’s venture arm, SC Ventures, has acquired a stake in crypto market maker GSR, valuing the company at over $1 billion.Summary
SC Ventures, the investment arm of Standard Chartered Bank, has secured a stake in the crypto market-making and liquidity provider GSR. This investment, which values the firm at over $1 billion, marks the first time GSR has accepted an outside strategic shareholder in its thirteen-year history.
The partnership aligns with Standard Chartered's broader digital asset strategy, which includes offering institutional spot crypto trading and developing a prime brokerage. GSR, founded by former Goldman Sachs traders, remains in discussions to raise an additional $150 million to support its operations and expansion efforts within the maturing digital asset sector.
(Source：Crypto Briefing)