Standard Chartered Invests in GSR to Build Scalable Crypto Infrastructure

Standard Chartered's venture arm, SC Ventures, has made a significant investment in GSR, a leading cryptocurrency market maker, valuing the company at over $1 billion.

The investment marks a major step forward for Standard Chartered in building its crypto infrastructure and comes on the heels of recent launches, including custody services for digital assets from Luxembourg and trading spots for Bitcoin and Ether for institutional clients. This move is part of the bank's broader strategy to establish itself as a leading player in the digital asset space.

The partnership between SC Ventures and GSR aims to develop an integrated market infrastructure that connects traditional finance with digital assets, with tokenization being a key focus area. The combined expertise of both parties will enable the creation of a scalable market infrastructure that meets the growing demand for regulated crypto services from institutional clients.