SCVentures, the venture capital arm of Standard Chartered Bank, has invested in GSR, a cryptocurrency trading and market-making firm, valuing it at over $1 billion. This marks SCVentures' first external shareholding in GSR. Founded in 2013 by former Goldman Sachs traders, GSR is in talks with strategic investors to raise an additional $150 million to expand its operations. The collaboration aims to integrate traditional finance with the crypto market and enhance access to tokenized products.
Standard Chartered's SCVentures Invests in Crypto Firm GSR, Valued Over $1 Billion
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