GSR Completes FINRA-Approved Acquisition of Equilibrium, Launches GSR Securities Broker-Dealer

According to FINRA approval and GSR's statement, crypto market maker GSR has completed its FINRA-approved acquisition of Equilibrium Capital Services, now operating as GSR Securities in the United States. The move gives GSR a regulated broker-dealer platform to expand beyond liquidity services into institutional offerings including securities and capital markets activity.

"This acquisition strengthens our U.S. presence and enhances our ability to support institutional clients through a regulated broker-dealer platform," GSR CEO Xin Song said. GSR, which first announced plans to acquire Equilibrium in October 2025, is registered with the SEC and is a FINRA member.