GSR will acquire a FINRA-registered broker-dealer

ChainCatcher news, according to Forbes, London-based one of the largest cryptocurrency market makers GSR has agreed to acquire Equilibrium Capital Services, a FINRA-registered broker-dealer shell company based in Portland, Oregon.

The market maker acquired a subsidiary of the same name that is largely dormant for a "six-figure" price, which is dedicated to building an ESG-compliant investment portfolio aimed at quickly entering the U.S. regulated securities market.

This acquisition enables GSR to provide investment banking services for traditional companies and crypto startups seeking to raise funds, particularly those looking to add digital assets like Bitcoin or stablecoins to their balance sheets.