Standard Chartered expands further into crypto with stake in GSR at $1 billion valuation

CoinDesk Staff

(12:00 PM UTC)

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Verified byJames Mitchell

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SC Ventures, Standard Chartered’s venture capital division takes a stake in crypto trading firm GSR at a valuation of more than $1 billion, according to Bloomberg.

Standard Chartered PLC’s (STAN) venture capital division SC Ventures invested in GSR, as the London-based multinational bank seeks to further expand its digital asset services, the crypto capital market’s firm announced Tuesday.

The…

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CoinDesk Staff · CoinDesk

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