GSR to Invest USD270m in Blockchain startup tZero

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Yuxuan Mei

Published at 2018-08-10 06:12


In December, GSR Capital is planning to invest USD270m in blockchain startup tZero, a subsidiary of the US based e-commerce retailer, 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

Yuxuan Mei