GSR has been approved to acquire Equilibrium and plans to expand its tokenization business

Cryptocurrency market maker GSR has been approved by the US Financial Industry Regulatory Authority to complete the acquisition of Equilibrium Capital Services. GSR CEO Xin Song stated that this acquisition will strengthen its US business layout and enhance its ability to provide support to institutional clients. GSR stated that its broker dealer business will drive the expansion of the tokenization field, including assisting potential issuers in financing.