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SC Ventures, the venture capital arm of Standard Chartered, has acquired a strategic stake in crypto trading firm GSR. The investment, valued at $150 million, was executed at a valuation exceeding $1 billion, cementing GSR's status as a crypto unicorn. This move underscores the bank's commitment to expanding its footprint within the digital asset ecosystem by backing a major liquidity provider. The deal highlights a growing trend of traditional financial institutions integrating with crypto market infrastructure. Analysts view this institutional backing as a significant signal of long-term confidence in the digital asset sector. The partnership is expected to bridge the gap between traditional banking expertise and advanced crypto trading capabilities.
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