Crypto market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to finalize its acquisition of Equilibrium Capital Services, a Portland-based SEC-registered broker-dealer. The firm has been renamed GSR Securities. This move is set to enhance GSR's compliant broker-dealer platform in the U.S., focusing on institutional clients, according to CEO Xin Song. The acquisition aligns with GSR's strategy to establish itself as a "Web3 investment bank" and expand its tokenized financing services. This year, GSR has been notably active, launching the GSR Crypto Core3 ETF on Nasdaq in April, acquiring token advisory firms Autonomous and Architech in March, and investing in the tokenization platform Libeara. Additionally, SC Ventures, the fintech investment arm of Standard Chartered Bank, recently became GSR's first external shareholder.