Standard Chartered venture capital division SC Ventures has taken a 150 million dollar stake in crypto trader GSR, valuing the firm at 1 billion dollars.
This marks another significant expansion by Standard Chartered into the crypto space. As a global bank, Standard Chartered continues to increase its crypto infrastructure investments, showing growing confidence from traditional banks in the digital asset industry.
GSR is a well-known crypto market maker and trading firm providing liquidity services to institutional clients. This funding round will be used to expand its global operations and technology infrastructure.