Standard Chartered Bank's SC Ventures Makes Strategic Investment in GSR, Becoming Its First External Shareholder

Deep Tide TechFlow reports that on May 5, according to The Block, Standard Chartered Bank's fintech and investment arm SC Ventures announced on Tuesday a strategic investment in crypto market maker GSR, becoming GSR's first external strategic shareholder since its establishment in 2013. The specific investment amount was not disclosed. GSR CEO Xin Song stated that the institutional digital asset market is rapidly maturing, and this collaboration combines deep capital market expertise with trusted banking infrastructure, with tokenization as a key starting point. SC Ventures CEO Alex Manson remarked that this investment strengthens their institutional ecosystem layout to support deeper liquidity. This investment deepens the partnership established by the two companies last month. Previously, GSR invested in the tokenization platform Libeara, supported by SC Ventures, as a key initiative to expand its crypto capital market business. Earlier this year, GSR also acquired Autonomous and Architech to expand its token lifecycle management business. Recently, GSR launched its first fund, the GSR Crypto Core3 ETF, which is the first actively managed multi-asset crypto fund to incorporate staking. Standard Chartered Bank has already established deep ties with the crypto industry through its custody subsidiary Zodia. According to Bloomberg, SC Ventures plans to launch a $250 million digital asset services fund this year and recently participated in an investment in crypto market maker Keyrock.