According to Deep Tide TechFlow news on October 2, Forbes reported that GSR, one of the largest cryptocurrency market makers headquartered in London, has agreed to acquire Equilibrium Capital Services, which is a FINRA registered brokerage proprietary trading firm based in Portland, Oregon.
The market maker acquired a subsidiary of a similarly named company that is essentially dormant for a price below “six figures”. This subsidiary is dedicated to building a portfolio that meets ESG standards, aiming for a quick entry into the securities market regulated by the United States.
This acquisition enables GSR to provide investment banking services to traditional companies and crypto startups looking to raise funds, particularly those seeking to add digital assets such as Bitcoin or stablecoins to their balance sheets.
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The market maker GSR will acquire the FINRA registered broker-dealer.
According to Deep Tide TechFlow news on October 2, Forbes reported that GSR, one of the largest cryptocurrency market makers headquartered in London, has agreed to acquire Equilibrium Capital Services, which is a FINRA registered brokerage proprietary trading firm based in Portland, Oregon.
The market maker acquired a subsidiary of a similarly named company that is essentially dormant for a price below “six figures”. This subsidiary is dedicated to building a portfolio that meets ESG standards, aiming for a quick entry into the securities market regulated by the United States.
This acquisition enables GSR to provide investment banking services to traditional companies and crypto startups looking to raise funds, particularly those seeking to add digital assets such as Bitcoin or stablecoins to their balance sheets.