Standard Chartered's venture capital arm SCVentures invests in crypto market maker GSR, valued at over $1 billion

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Odaily Planet Daily News: Standard Chartered Bank’s venture capital division SCVentures has invested in the crypto trading and market-making firm GSR, with this round valuing the company at over $1 billion. GSR was founded by a former Goldman Sachs trader in 2013 and is currently in talks with strategic investors for further funding, potentially reaching $150 million, to expand its business operations.

This investment marks SCVentures’ first time becoming an external shareholder in GSR. The two parties plan to promote the integration of traditional finance and the crypto market through collaboration and expand the accessibility of tokenized products. GSR’s business covers crypto trading, market-making, consulting, asset management, and venture capital. (Bloomberg)

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