Standard Chartered's venture capital arm invests in cryptocurrency company GSR at a $1 billion valuation

Mars Finance News, Standard Chartered Bank’s fintech investment arm SC Ventures has made a strategic investment in crypto market maker GSR, becoming the company’s first external strategic shareholder since its founding in 2013. The transaction values GSR at $1 billion. SC Ventures stated that this investment aims to deepen cooperation between the two parties in tokenized assets and institutional-grade digital asset infrastructure. GSR CEO Song Xin pointed out that the institutional digital asset market is rapidly maturing, and this partnership will combine Standard Chartered’s capital markets expertise with GSR’s experience in crypto liquidity management, focusing on tokenization scenarios. It is understood that this equity investment is built on the foundation of previous cooperation. Last month, GSR led an investment in Libeara, a tokenization platform launched by SC Ventures. Alex Manson, CEO of SC Ventures, 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 Bank has been active in the digital asset field. In addition to investing in GSR, SC Ventures previously participated in an investment in another crypto market maker, Keyrock, and plans to launch a digital asset fund with a scale of up to $250 million.