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Crypto market maker GSR announced that it has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to complete its acquisition of SEC-registered broker-dealer Equilibrium Capital Services. The firm is now renamed GSR Securities. GSR said that the move will strengthen its U.S. institutional business setup and help it expand into tokenization, capital raising, and other businesses. GSR previously said it hoped to build an “investment bank” focused on the Web3 industry. (The Block)