New York · Pre-Seed–Late Stage · 14 people tracked
Investment thesis
GSR positions itself as crypto's capital markets partner, supporting founders and institutions as they scale in digital assets. It provides liquidity provision, market-making, execution, and market infrastructure across spot and derivatives markets, serving token issuers, exchanges, financial institutions, fintech and payment companies, and asset managers. Beyond markets, GSR offers advisory support to early-stage crypto projects entering the market and invests early in ventures, backing teams with capital, market expertise, and a full stack of support to help them scale.
Source: firm website, verified Aug 3, 2026.
Team · 14 people
from the firm's website & public directories
Founder mafia
2 people who came through GSR went on to found or lead other companies.
What they invest in
from 41 of 49 portfolio companiesCrypto & Web3 ×26Fintech ×21AI & Machine Learning ×10Data & Infrastructure ×7Developer Tools ×6Enterprise Software ×6SaaS ×5Creator Economy ×4
HQs:United States×12Singapore×2Switzerland×1Denmark×1France×1
Investments · 49 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 72024 · 32019 · 12018 · 12016 · 114 dated
Upexi is a Solana-focused treasury company that acquires, holds, and stakes SOL tokens to give investors digital asset exposure through a publicly traded equity security (UPXI).
Crypto & Web3Fintech
Allan Marshall(Chief Executive Officer)
Co-investorsWhite Star CapitalBig Brain Holdings
3F is a DeFi protocol for leveraged strategies on tokenized real-world assets and onchain credit, letting users take leveraged exposure to RWA vaults or deposit stablecoins into Morpho-powered lending vaults to earn yield.
Crypto & Web3Fintech
Co-investorsMaven 11Gate VenturesMetalayer
Fhenix is a blockchain research and development company building FHE (Fully Homomorphic Encryption) infrastructure that lets developers run confidential computation on encrypted data in EVM-compatible smart contracts.
Crypto & Web3CybersecurityDeveloper Tools
Guy Itzhaki(Founder & CEO)inGuy Zyskind(Founder)in
Co-investorsCollider VenturesHack VCMulticoin CapitalNode CapitalAmber GroupMH Ventures+14 more
Alpharetta, US
BoardArul Murugan(Managing Member)in
Co-investors11-11 VenturesDG Ventures, Inc.Eterna CapitalNGC Ventures
Co-investorsBitDAODraper AssociatesMantle NetworkWintermute
BitVault is an on-chain credit protocol that lets users borrow its bvUSD stablecoin against Bitcoin, wrapped BTC, or tokenized equity across EVM chains.
Crypto & Web3Fintech
Co-investorsV3V VenturesKeyrock
Bron is an AI-powered sports trading assistant that analyzes statistics, compares odds across sportsbooks, and identifies betting opportunities in real time.
AI & Machine LearningConsumerData & InfrastructureEnterprise SoftwareSports TechSan Francisco, US
Anish Gupta(Founder)inMarc Zoghby(Founder)in
Co-investorsY CombinatorLocalGlobe
Calimero is an open-source app platform for building privacy-preserving, decentralized applications where user data stays encrypted end-to-end on the owner's own devices rather than on central servers.
Crypto & Web3CybersecurityDeveloper Tools
Co-investorsNetZero CapitalFJ LabsKhosla VenturesNear Foundation
CoinList operates a platform for token sales, pre-IPO stocks, equities, and funds, serving as infrastructure for financial markets and payments onchain.
Crypto & Web3Data & InfrastructureFintech
Brian Tubergen(Founder)inJoshua Slayton(Founder)in
Co-investorsAccompliceBlockchain CapitalCollab+CurrencyDigital Currency GroupDigital Finance GroupElectric Capital+6 more
Curvance is a decentralized finance protocol that combines depositing, borrowing, leveraging, swapping, and yield earning into a single dashboard.
Crypto & Web3Fintech
Co-investorsF-Prime CapitalV3V VenturesYunt CapitalCurveFlowdeskFRAX Finance+2 more
EDX Markets operates a Singapore-based perpetual futures trading venue for digital assets, focused on competition, transparency, and safety in crypto markets.
Crypto & Web3FintechSingapore, SG
Co-investorsPantera CapitalFidelity InvestmentsVirtu Financial
Asset staking platform providing automated rewards optimization
ether.fi offers non-custodial crypto financial products, including staking, DeFi strategy vaults for ETH, BTC, and stablecoins, and a cashback debit card usable at over 100 million locations with no credit checks.
Crypto & Web3Fintech
Rok Kopp(Founder)inMike Silagadze(Founder)in
Co-investorsArrington CapitalChapter OneCoinFundCollider VenturesDraper DragonFjor Founders+14 more
Ferrum Health develops AI accountability solutions, though the specific products and customer base are not detailed on the company page.
AI & Machine LearningDigital HealthEnterprise SoftwareSunnyvale, US
Pelu Tran(Executive Officer, Director)in
BoardPatrick Steele(Director)inJaclyn Hester(Director)inKenneth Ko(Director)
Co-investorsBlumberg CapitalFoundryHeadwater VenturesInformed Ventures Advisors, LlcUrban Innovation
Glider helps businesses manage their contract workflows and reduce administrative overhead so teams can focus on core operations rather than manual contract handling.
Enterprise SoftwareFuture of WorkPortland, US
Henry Liu(Founder)inBrandon Paton(Founder)inJohn Marbach(Founder)in
Co-investorsY CombinatorAndreessen HorowitzCoinbase VenturesFirst CommitGenerative VenturesPivot Global+1 more
Glider is a Colorado-based nonprofit organization that produces and hosts community events including TEDxBoulder, Ignite Boulder, and Boulder Startup Week.
FintechSaaSSocialPortland, US
Andrew Hyde(ED (Executive Director), board member)in
Co-investorsTechstarsAndreessen HorowitzCoinbase VenturesFirst CommitGenerative VenturesPivot Global+1 more
group.one provides an integrated platform of website building, hosting, domain, e-commerce, and marketing SaaS tools, including AI-powered website and content creation, aimed at small and medium-sized businesses, freelancers, agencies, and resellers.
Cloud ComputingMarketing TechSaaSCopenhagen, DK
Co-investorsRPS VenturesEthereal Ventures Management Ltd.G1 VenturesSeier CapitalVeris Ventures
Cryptocurrency exchange protocol bridging centralized and decentralized finance.
Varun Kumar(Founder & CEO)Vinod Raghavan(Founder)Victor Ionescu(Founder)in
Co-investorsArrington CapitalBollinger Investment GroupCoinbase VenturesDragonflyElectric CapitalFabric Ventures+15 more
Digital content distribution platform
Hyperbolic provides on-demand, reserved, and private cloud access to high-performance GPUs (such as H100, H200, and B200) through a global network of compute providers.
AI & Machine LearningCloud ComputingData & Infrastructure
Co-investorsAmbush CapitalBig Brain HoldingsFactionLongHash VenturesSamsung NextVariant Fund+4 more
Inco provides a confidentiality layer that integrates with existing blockchains, using isolated hardware environments and cryptography to protect address and transaction details.
Crypto & Web3CybersecurityDeveloper Tools
Co-investorsBig Brain HoldingsCoinbase VenturesSymbolic CapitalZero Knowledge Validator (ZKV)1kxScript Capital+1 more
Katana is an Ethereum Layer-2 blockchain (chain ID 747474) built on Agglayer's CDK OP Stack that settles to Ethereum and uses ETH for gas.
Crypto & Web3
Co-investorsCoinbase Ventures
Kiln provides infrastructure for staking cryptocurrencies across multiple blockchain networks, letting asset owners earn rewards by securing networks and participating in protocol consensus.
Crypto & Web3Data & InfrastructureFintechParis, FR
Thomas de Phuoc(Founder)
Co-investors1k(x)1kxA.Capital VenturesBlueYard CapitalIOSG VenturesKima Ventures+7 more
Kiln is a platform and open-source Python library for building, evaluating, and optimizing AI systems, offering evals (LLM-as-judge), prompt auto-optimization, fine-tuning, synthetic data generation, RAG, and agent/tool composition.
AI & Machine LearningDeveloper ToolsSaaS
Libeara operates a tokenisation platform that helps institutions structure, issue, and distribute regulated funds and government bonds as digital tokens on public blockchains.
Crypto & Web3Enterprise SoftwareFintechSingapore, SG
Aaron Gwak(Founder)Seongmi K(Founder)
Co-investorsSC VenturesMonk's Hill VenturesOpenspace VenturesSimsan Ventures
Co-investorsArrington CapitalDeepTech VenturesHivemind Capital PartnersMapleblock CapitalMetamatic GroupMulana Capital+5 more
M0 provides a modular platform for designing and issuing stablecoins, allowing users to independently configure token behavior, issuers, and other stablecoin stack components.
Crypto & Web3Fintech
Gregory Di Prisco(Founder)in
Co-investorsAlphaLab CapitalCaladanSCB 10XSolari CapitalStandard CryptoWintermute+2 more
M10 offers a cloud-based platform for banks and central banks to tokenize regulated liabilities (TRLs), enabling instant transfer, settlement, and programmable payments of digital currency.
Crypto & Web3FintechSaaS
Marten Nelson(CEO & Co-founder)inChae An(CTO)inRichard Char(SVP Business Development)inDaniel Driscoll(VP of Engineering)in
Co-investorsCommerce VenturesDigital Currency Group
Maple is an onchain asset management platform offering institutional-grade lending and yield strategies to the crypto ecosystem.
Crypto & Web3Fintech
Joe Flanagan(Founder)in
Co-investorsArctic DigitalBlack DragonBloccelerate VCMarin Digital VenturesMaven 11Narcissus Ventures+4 more
Lite Strategy, Inc.
BiotechCrypto & Web3FintechHealthtechSan Diego, US
David M. Urso(Executive Officer)Daniel P. Gold(Executive Officer, Director)Brian G. Drazba(Executive Officer)Mr. File(Chief Executive Officer & Board Member (former CFO))Kevan E. Clemens(Director)Thomas C. Reynolds(Director)
Co-investors3B Future Health FundAisling CapitalNew Enterprise Associates (NEA)Vivo Capital
MeshMap builds tools for creating and distributing location-based extended reality (XR) experiences, including a Unity SDK for importing 3D scans and designing AR, VR, and MR content.
Creator EconomyDeveloper ToolsGaming
Ryan Rzepecki(Co-Founder & CEO)Pedro Cruz(Co-Founder & Full-Stack Developer)Matt Kudo(Co-Founder & Unity XR Developer)Su-Jin Lee(General Counsel & People Operations)
Co-investorsEv3 Ventures LlcLattice CapitalEscape Velocity
Minima is a Layer 1 blockchain protocol lightweight enough to run a full node on edge and small devices, aiming to decentralize the network without centralized control points.
Crypto & Web3Deep TechIoTCham
Hugo Feiler(Director)
Co-investorsAGE CryptoRed Beard VenturesTPC Club (The presale club)TPC VenturesDex VenturesSMO Capital
Noise is a platform that connects brands with pay-as-you-go user-generated content (UGC) creators to produce and distribute video and image content across social media platforms like TikTok, YouTube, and Instagram.
AdTechCreator EconomyMarketing Tech
Co-investorsGrishin RoboticsService Provider CapitalCapitalize VCFigment CapitalParadigm
0G (Zero Gravity) is a blockchain infrastructure stack for AI applications, combining an EVM-compatible Layer 1 chain, a distributed storage network, a compute network, and a scalable data availability layer.
AI & Machine LearningCrypto & Web3Data & Infrastructure
Ming Wu(Founder)inMichael Heinrich(Founder)in
Co-investorsAbstract VenturesAlphaLab CapitalAnimoca BrandsBaseTwoBlockchain BuildersCaladan+14 more
Los Angeles, US
Samuel Rowen(Executive Officer, Director)Samuel Abrahamson(Executive Officer, Director)
Co-investorsMapleblock CapitalMentha PartnersRana CapitalSora VenturesTPC Club (The presale club)TPC Ventures+3 more
Ostium is a decentralized perpetual futures exchange for trading stocks, commodities, forex, and indices with leverage directly from a crypto wallet.
Crypto & Web3Fintech
Co-investorsGeneral CatalystCrucible CapitalWintermuteBalaji SrinivasanCoinbase VenturesJump Crypto
Puffer Finance is an Ethereum-native liquid restaking protocol where users stake ETH to receive pufETH and earn staking plus EigenLayer restaking rewards.
Crypto & Web3Fintech
Jason Vranek(Co-Founder & CTO, Puffer Labs)Amir Forouzani(Founder)in
Co-investorsElectric CapitalBinance LabsBreedCoinbase VenturesFactionLBANK Labs+11 more
DoubleZero operates a network that delivers raw market data feeds over dedicated fiber links contributed by independent operators, bypassing public internet latency for trading firms, validators, and platforms.
Crypto & Web3Data & InfrastructureFintechGeorge Town
OLIVER BELL(Director)
Co-investorsCrucible CapitalDragonflyMetastableMH VenturesMulticoin CapitalPaper Ventures+3 more
Saga is a platform for building persistent character AI agents that let studios, creators, and brands turn characters, brands, and worlds into digital personalities that engage users across social platforms, messaging apps, and online communities.
AI & Machine LearningCreator EconomyGamingLas Vegas, US
Rebecca Liao(Co-Founder & CEO)Jin Kwon(Co-Founder & CSO)Bogdan Alexandrescu(Co-Founder & VP of Engineering)Ryan Robert Dean(Executive Officer, Director)
BoardKevin Dale Klassen(Director)
Co-investorsCrit VenturesD1 VenturesFigmentHypersphere VenturesLongHash VenturesPlaceholder VC+3 more
Sei is a Layer 1 blockchain designed for high-performance financial markets and digital asset trading, enabling fast onchain order books and serving global finance firms, funds, and infrastructure providers.
Crypto & Web3Data & InfrastructureFintech
Co-investorsAegis VentuesAscensive AssetsCoinbase VenturesCVP NoLimitMulticoin CapitalNo Limit Holdings (NLH)
Sentient Foundation is a collective of researchers and engineers developing open-source artificial intelligence and AGI, releasing frameworks such as ROMA (multi-agent reasoning and coordination), OML (open, monetizable model distribution), and ODS (search-augmented reasoning).
AI & Machine LearningDeep TechDeveloper Tools
Co-investorsArrington CapitalHack VCHypersphere VenturesMH VenturesPantera CapitalRR2 Capital+9 more
Solidus Labs provides compliance and market monitoring software for cryptocurrency and traditional finance.
Crypto & Web3CybersecurityEnterprise SoftwareFintechNew York, US
Asaf Meir(Executive Officer, Director)inChen Arad(Director)Praveen Kumar(Executive Officer, Director)Praveen K. Dosodia(Founder)
BoardProsor Lior(Director)Shimon Mazor(Director)
Co-investors645 VenturesBeacon VCDeclaration PartnersEvolution Equity PartnersF-Prime CapitalHanaco Venture Capital+2 more
The Open Network (TON) is a decentralized, open-source Web3 blockchain ecosystem built within the Telegram Messenger platform, letting users own their digital identity, data, and assets.
Crypto & Web3
Max Crown(President of the Foundation Council and CEO of TON Foundation)
TrueNorth operates a digital loadboard and AI-powered freight matching platform that connects brokers with vetted carriers.
AI & Machine LearningEnterprise SoftwareFintechLogistics & Supply ChainSaaSSan Francisco, US
Sanjaya Wijeratne(Founder)inJin Stedge(Founder)in
Co-investorsPJCScribble VenturesY CombinatorHyphen Capital
TrueNorth is an AI-powered freight matching platform that connects brokers with carriers and drivers to book loads efficiently.
AI & Machine LearningLogistics & Supply Chain
Co-investorsScript Capital
Usual Wines produces premium wines made from 100% premium grapes with no added sugar, offered in single-serve portions.
ConsumerDirect to ConsumerFoodTech
Co-investorsBranded Strategic HospitalityAVID3Bing VenturesBreedFlowdeskIOSG Ventures+4 more
UXUY is a non-custodial, AI-routed trading protocol built on stablecoins, offering gasless, cross-chain swaps across networks including Ethereum, BNB Chain, Solana, Base, and TRON.
AI & Machine LearningCrypto & Web3Fintech
Max W(Founder)in
Co-investorsArcane GroupDefinanceXPentos VenturesBinance LabsBixin VenturesComma3 Ventures+12 more
Exits · 1
IPOs and acquisitions across the tracked portfolioUpexiNASDAQ: UPXI
Portfolio news
latest coverage across their companiesMaple Finance · cryptonews.net · Aug 19, 2026
Minima · finsmes.com · Aug 19, 2026
Libeara · financialit.net · Aug 18, 2026
Hyperbolic · royalsocietypublishing.org · Aug 14, 2026
Group · eu-startups.com · Aug 12, 2026
Noise · thecyberwire.com · Aug 12, 2026
Upexi · stocktitan.net · Jul 24, 2026
Noise · wmtv15news.com · Jul 16, 2026
Frequently asked questions
- How many investments has GSR made?
- GSR has 23 tracked investments.
- What stage does GSR invest at?
- GSR invests at the Pre-Seed, Seed, Series A, Growth, Late Stage stages.
- What sectors does GSR focus on?
- GSR focuses on Crypto & Web3, Fintech.
- Where is GSR located?
- GSR is headquartered in New York, US.
- Does GSR lead rounds?
- Yes, GSR leads investment rounds.
- Who does GSR co-invest with?
- GSR most often shares deals with Wintermute, LongHash Ventures, MH Ventures, among 100 tracked co-investors.
From the blog
visit blog ↗Media · Podcasts & interviews
featuring the teamXin Song, CEO of GSR on the challenges with fungibility of stablecoins #Stablecoins #GSR #shorts
Finery Markets · Xin Song
Xin Song, CEO of GSR, discusses the next 100 mln users in crypto
Finery Markets · Xin Song
Xin Song, CEO of GSR, discusses scalability in trading
Finery Markets · Xin Song
Xin Song, CEO of GSR on his professional background #DigitalAssets #InstitutionalCrypto #GSR
Finery Markets · Xin Song
Xin Song, GSR | theCUBE + NYSE Wired: Crypto Trailblazers - ETH 10th Anniversary Edition
SiliconANGLE theCUBE · Xin Song
Jakob Palmstierna (GSR) Explains the Math on Why DeFi Yields Beat TradFi
alpha un# podcast · Jakob Palmstierna
Images
Co-investors · 2
Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.
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Conviction Partners is a venture firm focused on AI-native, 'Software 3.0' companies, aiming to be an early and often first investor in startups translating AI models into transformative products.
Firms observed investing alongside GSR, from public investor directories. Shared companies are the overlap with GSR's recorded portfolio.
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