-- Standard Chartered's (HKG:2888) SC Ventures fintech unit invested in crypto capital markets and liquidity services group GSR.
While the financial details were not disclosed in the Tuesday statement, a same-day report from Bloomberg News quoted a spokesperson as saying that the deal values GSR at more than $1 billion.
The lender's SC Ventures is GSR's first external strategic shareholder since it was established in 2013. The partners plan to work on building a scalable digital asset market infrastructure.