SC Ventures, a subsidiary of Standard Chartered, has made a strategic investment in cryptocurrency market maker GSR, The Block reported. The specific investment amount was not disclosed. As a result, SC Ventures has become GSR's first strategic shareholder since its establishment in 2013. Meanwhile, Standard Chartered is expanding its involvement in the cryptocurrency industry, including investments in Zodia Custody and digital asset service company Keyrock, and is also pursuing the launch of a $250 million digital asset services fund through SC Ventures within the year.
