GSR Markets Limited (“GSR”), a Ripple partner and leading digital asset liquidity provider and trading firm, has partnered with Standard Custody & Trust Company, LLC (“Standard Custody”), a New York Department of Financial Services regulated limited purpose trust company and qualified custodian. The partnership seeks to provide secure settlement and escrow services to its client base. GSR has ten years of experience in the crypto market as a market maker, investment advisor, and active multi-stage investor. It also provides spot and non-linear liquidity in digital assets for token issuers, institutional investors, miners, and leading cryptocurrency exchanges.Standard Custody’s clients will benefit from the collaboration with GSR, which allows them to access seamless and secure escrow solutions. The solution seeks to reduce counterparty risk by carefully separating collateral from trading partners, which is later moved into an escrow with a bankruptcy remote and a regulated qualified custodian. Additionally, instant and secure settlement of digital assets is also enabled in the process.Jack McDonald, the CEO of Standard Custody, expressed excitement and satisfaction with the recent collaboration. McDonald explained that its firm is pleased to be offering solutions that reduce risk. Rich Rosenblum, the co-founder and President of GSR, also laid out his thoughts on the new partnerships. He explained that the partnership will help to strengthen the market’s confidence.GSR has also struck a partnership with Chainlink back in 2022. The partnership was centered around the contribution of price data to decentralized oracle networks (DONs) to be utilized within decentralized finance (DeFi) and smart contract applications. Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | Global |
| Countries | |
| Sentiment | neutral |
| Relevance Score | 8 |
| People | Jack McDonald, Rich Rosenblum |
| Companies | LLC, Chainlink, FAC, Standard Custody & Trust Company, FINRA, GSR Markets Limited |
| Currencies | Chainlink, Construct, Ethereum, XRP, Bitcoin |
| Securities | None |
