GSR
65 Curzon Street, London, Greater London, W1J 8PE, United Kingdom
Overview
GSR has nine years of deep crypto market expertise as a market maker, ecosystem partner and active, multi-stage investor. GSR sources and provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges. GSR employs over 300 people around the globe, and its trading technology is connected to 60 trading venues, including the world's leading DEXs. We have a culture of approaching complex problems with tenacity and imagination. We build long-term relationships by offering exceptional service, expertise and trading capabilities tailored to the specific needs of our clients.
- Total investments
- 111
- Lead investments
- 11
- Investments · 12mo
- 22
- Active investors
- 5
Sector focus
- Blockchain
- Cryptocurrency
- FinTech
- Trading Platform
Investment portfolio
- Entravel Group
Participated · Equity · Aug 2026
Entravel Group operates a travel technology stack through three connected businesses: MocatravelX, which secures hotel inventory and negotiated rates; Ratestellar, which aggregates supply and provides access to more than 2.2 million hotels; and Entravel, which packages these capabilities into a ready-to-use booking stack for partners. Its AI-powered mapping technology standardises hotel content and room-type matches across fragmented supplier systems to normalise pricing and content. The company positions its white-label model to enable fintechs, super-apps and other digital platforms to embed travel services under their own brands. Entravel is developing an AI-native Model Context Protocol (MCP) interface to connect AI agents directly to live inventory and booking capabilities. It is also building a stablecoin-enabled financial layer intended for settlement, treasury management and working-capital financing. According to CEO Mathias Lundoe Nielsen, partner platforms using Entravel’s live white-label offerings can save up to 60% on selected hotels and achieve average booking conversion rates exceeding 10%.
- Legion
Participated · Seed · Aug 2026
Legion builds a fundraising platform that runs compliant token sales and assigns each user a Legion Score derived from their on-chain history. The Legion Score lets projects prioritize participants based on merit and on-chain contribution rather than transaction speed or bots. The company has run token sales in partnership with exchanges including Kraken and Bybit. Notable sales on the platform include Squid, which reached a $2.2M hard cap with over $26M committed, and Solstice Finance, which raised roughly $362K. The team is led by co-founders Fabrizio and Matty, with Evgeniy leading operations. Legion has raised $7M to date across a $2M seed and a $5M extended seed backed by institutional and crypto industry investors.
- Bundle
Participated · Seed · Jul 2026
Bundle is developing a blockchain-powered rewards platform that enables brands to combine their incentive budgets into shared reward pools so businesses can offer larger rewards while lowering customer acquisition costs. The startup launched from stealth with founders Bader Al Kalooti and Mostafa Wanas. It announced a $5.5 million pre-Seed round to fund product development and go-to-market activities. The financing round was led by Ethereal Ventures and Further, with participation from Nascent, GSR, Scenius Capital, Anchorage Digital, and Nuwa Capital. Bundle is positioned in the Web3 and rewards space and is headquartered in the UAE. The company aims to attract brands to its pooled-incentive model to create more compelling customer rewards.
- Libeara
Led · Equity · Jun 2026
Libeara provides infrastructure to issue and distribute tokenised regulated digital assets, working with financial institutions and asset managers. The company is focused on scaling institutional-grade tokenised markets and expanding across different markets. Following the US$14 million strategic round, Libeara plans to use the funding to support global expansion and to scale its tokenisation infrastructure. New investors were selected for their regional distribution and ecosystem support, which Libeara says will aid localisation efforts. Backers cited growing institutional demand for regulated infrastructure to support digital asset issuance and real-world asset tokenisation as drivers for the investment. The company expects to leverage partners to broaden access to tokenised regulated assets for more investors globally.
- Ekiden
Participated · Seed · May 2026
Founded in 2025 and based in Lisbon, Ekiden is developing a decentralized derivatives trading platform designed for high-frequency and algorithmic trading by professional users, trading firms, and market makers. The team is building on Arbitrum and emphasizes faster trade execution with on-chain settlement to preserve transparency and user control. Ekiden's approach is informed by founder Vitali Dervoed's background in capital markets and work linked to Neon EVM, RockawayX, and Mango Markets. The company aims to support advanced and automated trading strategies through integrations and strategic partnerships. Financially, Ekiden completed a €1.7 million Seed round at a €17 million valuation and plans to deploy the capital toward audits, product development, hiring, and scaling liquidity.