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Standard Chartered's VC Arm Invests $150M in GSR at Over $1B Valuation
SC Ventures, Standard Chartered’s venture arm, invested in GSR in a deal Bloomberg reported was worth $150 million at a valuation above $1 billion. GSR said the deal is part of a broader partnership to bridge traditional finance and digital assets and expand access to tokenization. Alex Manson said SC Ventures and GSR plan to build scalable market infrastructure for regulated crypto services. Standard Chartered launched digital asset custody in Luxembourg in January 2025 and added spot Bitcoin and Ether trading for institutional clients last summer.