Standard Chartered's SCVentures Invests in GSR, a Crypto Market Maker, at a Valuation Exceeding $1 Billion

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Release Time: 05/05/2026 05:25:40

Summary

Standard Chartered’s SCVentures has invested in crypto market maker GSR, valuing the firm at over $1 billion. GSR, founded in 2013 by former Goldman Sachs traders, is seeking up to $150 million in new funding to scale its operations. This marks SCVentures’ first external investment in GSR. The move supports greater integration between traditional finance and the crypto market. GSR provides services including crypto trading, market-making, consulting, asset management, and venture capital. The crypto market update highlights rising institutional interest in digital assets.

Odaily Planet Daily reports that SCVentures, the venture capital arm of Standard Chartered Bank, has invested in the cryptocurrency trading and market-making firm GSR, valuing the company at over $1 billion in this round. Founded in 2013 by former Goldman Sachs traders, GSR is currently in discussions with strategic investors for additional funding of up to $150 million to expand its operations.

This investment marks SCVentures’ first time becoming an external shareholder of GSR. Both parties plan to collaborate to drive the integration of traditional finance with the crypto market and expand access to tokenized products. GSR’s business spans crypto trading, market making, consulting, asset management, and venture capital. (Bloomberg)

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