SC Ventures invests in crypto firm GSR at $1 billion valuation
Updated
Updated · Bloomberg · May 5
SC Ventures invests in crypto firm GSR at $1 billion valuation
7 articles · Updated · Bloomberg · May 5
GSR, founded in 2013 by former Goldman Sachs traders, is also seeking up to $150 million from strategic investors, according to a person familiar with the talks.
The investment comes from Standard Chartered's wholly owned venture capital arm as the bank expands further into digital assets.
The deal underscores continued institutional interest in crypto infrastructure firms despite broader market volatility and GSR's plans to scale operations.
Is Standard Chartered's billion-dollar bet pioneering a new financial era or exposing the bank to catastrophic crypto risk?
As Wall Street's capital flows into crypto, what does this institutional embrace mean for the future of decentralized finance?