TechFlow, on October 2, according to Forbes, GSR, one of the largest cryptocurrency market makers headquartered in London, has agreed to acquire Equilibrium Capital Services, a FINRA-registered broker-dealer shell company based in Portland, Oregon.
The market maker acquired the largely dormant subsidiary of a namesake firm for "less than six figures," a company focused on building ESG-compliant investment portfolios, aiming to quickly enter the U.S.-regulated securities market.
This acquisition enables GSR to offer investment banking services to traditional companies and crypto startups seeking to raise capital, particularly those looking to add digital assets such as bitcoin or stablecoins to their balance sheets.
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