Standard Chartered Bank's venture capital division invests in cryptocurrency company GSR at a valuation of $1 billion
SC Ventures, the fintech investment arm of Standard Chartered, has made a strategic investment in the crypto market maker GSR, becoming the company's first external strategic shareholder since its establishment in 2013. This transaction values GSR at $1 billion. SC Ventures stated that the investment aims to deepen cooperation between the two parties in the areas of tokenized assets and institutional-level digital asset infrastructure.
GSR CEO Song Xin pointed out that the institutional-level digital asset market is rapidly maturing, and this collaboration will combine Standard Chartered's capital market expertise with GSR's experience in crypto liquidity management, focusing on tokenization scenarios. It is reported that this equity investment is built on previous cooperation. Last month, GSR led an investment in the tokenization platform Libeara launched by SC Ventures. SC Ventures CEO Alex Manson emphasized that as the digital asset market evolves, building compliant and scalable liquidity infrastructure has become a key focus for traditional financial institutions. Recently, Standard Chartered has been active in the digital asset space. In addition to investing in GSR, SC Ventures has also participated in an investment in another crypto market maker, Keyrock, and plans to launch a digital asset fund of up to $250 million.
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