GSR Invests in Libeara to Expand RWA Push

YM Lee

Summary

Crypto market maker GSR has invested in tokenization platform Libeara as it expands its real-world asset (RWA) business.
GSR has signed a strategic partnership with Libeara and is pursuing a strategy to build tokenization capabilities spanning token issuance advisory and liquidity management.
Through the partnership, GSR plans to accelerate development of a 'Web3 investment bank' model spanning digital assets and RWAs.

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Crypto market maker GSR has invested in tokenization platform Libeara, stepping up its expansion into real-world assets, or RWAs.

GSR joined as lead investor in Libeara and entered into a strategic partnership with the company, The Block reported on Aug. 7. Libeara is backed by SC Ventures, the investment arm of Standard Chartered.

The deal is part of GSR’s strategy to build out its tokenization capabilities. The firm recently acquired Autonomous and Aarchitect to establish a business spanning token issuance advisory and liquidity management.

Joshua Riezman, GSR’s chief legal and strategy officer, said the market had previously lacked the infrastructure needed to execute tokenization. GSR chose to partner with a proven company rather than pursue another acquisition, he added.

Founded by SC Ventures in 2023, Libeara has supported the issuance of more than $1 billion in on-chain assets. It also participated in the launch of Asia’s first tokenized money market fund and holds a license from the Monetary Authority of Singapore.

Through the partnership, GSR plans to speed up development of a “Web3 investment bank” model spanning digital assets and RWAs.