Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation
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Standard Chartered’s venture arm SC Ventures has invested $150 million in crypto market maker GSR, valuing the company at over $1 billion. This marks GSR’s first external stake since its founding in 2013. The partnership aims to create regulated infrastructure linking traditional finance with digital assets, enhancing tokenization access for institutional clients. This investment aligns with Standard Chartered’s strategy to expand into digital assets, following its recent launch of custody and trading services for bitcoin and ether, and its bid to acquire crypto custodian Zodia.
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