In December, GSR Capital is planning to invest USD270m in blockchain startup tZero, a subsidiary of the US based e-commerce retailer Overstock.com, according to Forbes on August 9. With the proceeds, tZero will launch multiple tokenized securities exchanges worldwide, aiming to enable transparent, real-time securities lending. If the investment is disclosed successfully later this year as scheduled, it would be the largest single investment in a blockchain startup, and will give the company a valuation at USD1.5bn.
This will be GSR Capital’s first public investment in the fast-growing blockchain industry, as the PE firm has been primarily focusing on the EV industry over the past few years. Previously in February, GSR invested USD4.5bn in Turkey-based batter