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Standard Chartered Invests $150M in GSR, Boosting Crypto Infrastructure
Description
Standard Chartereds venture arm, SC Ventures, invests $150M in crypto trading firm GSR, valuing it at over $1B. This marks GSRs first outside investment since its launch in 2013. The partnership aims to build regulated infrastructure connecting traditional banking with digital assets, focusing on tokenization for institutional players. Standard Chartered has been actively expanding its digital asset offerings, while GSR recently acquired two firms to boost its tokenization capabilities. This collaboration signals a growing trend of bridges between Wall Street and crypto, facilitating institutional entry into the digital asset market.
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