SC Ventures Invests in GSR at Over $1B Valuation

SC Ventures, the venture capital arm of Standard Chartered, has made a strategic investment in GSR, a leading cryptocurrency market-making firm founded in 2013, marking the first external shareholder for GSR in its 13-year history.

The investment, announced this week, values GSR at more than $1 billion, according to Bloomberg reports, with the amount put at around $150 million by some accounts. GSR, established by former Goldman Sachs traders, provides liquidity across over 200 digital assets, has traded more than $1 trillion since inception, and has invested in over 300 cryptocurrency companies through its venture arm. It also offers advisory services in token design, treasury management, and capital formation.

The deal builds on recent collaboration between the firms. Last month, GSR invested in Libeara, a tokenization platform backed by SC Ventures that helps financial institutions issue tokenized real-world assets. Earlier this year, GSR acquired Autonomous and Architech to expand its token lifecycle management, positioning itself as a full-service provider from pre-launch strategy to post-launch market making. The firm recently launched the GSR Crypto Core3 ETF, an actively...