[GSR Receives FINRA Approval, Completes Acquisition of Proprietary Broker-Dealer Equilibrium] BlockBeats News, June 9: Crypto market maker GSR has received approval from the U.S. Financial Industry Regulatory Authority (FINRA) to complete its acquisition of proprietary broker-dealer Equilibrium Capital Services. GSR CEO Xin Song stated in a press release: 'Today marks an important step forward for GSR's U.S. operations. Completing this acquisition will strengthen our business presence in the U.S. and enhance our ability to support institutional clients through a regulated broker-dealer platform, which is especially critical as the digital asset market continues to evolve.' Specifically, GSR's broker-dealer business is expected to drive its expansion in the tokenization space, including assisting potential issuers with fundraising. A GSR representative previously told The Block that this business is essentially an attempt to build a 'Web3 investment bank.' [Original Link]