SC Ventures makes strategic investment in crypto market maker GSR

Standard Chartered's subsidiary, SC Ventures, has made a strategic investment in crypto market maker GSR, The Block reported. The specific investment amount was not disclosed. The move makes SC Ventures the first strategic shareholder in GSR since the latter's founding in 2013. Meanwhile, Standard Chartered has been expanding its footprint in the crypto industry, with investments in firms like Zodia Custody and digital asset services company Keyrock. The bank is also pursuing the launch of a $250 million digital asset services fund through SC Ventures this year.