March 17 — Crypto trading firm and liquidity provider GSR said Tuesday it would acquire digital asset advisory firms Autonomous and Architech in a $57 million deal aimed at building a full-service crypto capital markets platform, according to a report by Reuters.
The acquisitions are intended to position GSR as a “one-stop shop” partner for crypto startups seeking fundraising, governance guidance and long-term capital planning, the company said.
Building a crypto-native investment banking platform
Under the transaction, Autonomous will continue to operate under its existing brand within GSR, while Architech will form the foundation of a new business unit called GSR Digital Asset Advisory, according to the report.
Josh Riezman, GSR’s chief legal and strategy officer, said the goal of the expansion is to create a crypto-native advisory platform capable of supporting digital asset projects throughout their development cycle.
“By plugging in these two businesses, our goal is to provide that full service from end to end,” Riezman told Reuters.
Capital markets advisory for digital asset startups
Following the acquisitions, GSR plans to offer strategic capital markets guidance including treasury management, capital allocation strategy and cash-flow forecasting for crypto companies.
The expansion is aimed at providing advisory services for crypto startups including fundraising, governance guidance and long-term capital planning.
GSR is a crypto trading firm and liquidity provider serving exchanges, token issuers and institutional clients.
