$57M for Autonomous + Architech last month, now leading Libeara's round — GSR went from market maker to full-stack token lifecycle shop in under 30 days. Same entity advising on token design, running the issuance infra, AND providing launch liquidity is exactly the bundling conflict TradFi spent decades litigating. StanChart simultaneously pursuing full Zodia acquisition for custody means they're assembling a complete onchain institutional stack — Libeara for issuance, Zodia for custody, GSR for distribution — and the $30B tokenized asset market is barely the opening act.

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