Market maker GSR will acquire FINRA registered broker-dealer

ChainCatcher news, one of the largest cryptocurrency market makers headquartered in London, 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, which is largely dormant, for a "six-figure" price. This subsidiary 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 to traditional companies and crypto startups seeking to raise funds, particularly those looking to add digital assets such as Bitcoin or stablecoins to their balance sheets.