NEW YORK, United States, July 18th, 2025, Chainwire
GSR, crypto’s capital markets accomplice, at this time introduced an funding and strategic partnership with MEI Pharma, Inc. (NASDAQ:MEIP) (“MEI”), during which it’ll function each strategic advisor and digital asset treasury supervisor. The $100 million personal funding in public fairness (PIPE) into MEI represents a big step towards institutionalizing Litecoin as a treasury asset.
GSR will work intently with Litecoin (LTC) creator Charlie Lee, who brings deep technical credibility and a long-term perspective on Litecoin’s evolution, with help from the Litecoin Basis. Lee and a GSR appointee will even be part of MEI’s Board of Administrators. This initiative follows MEI’s beforehand introduced assessment of strategic alternate options and displays its new mission in alignment with each the Litecoin Basis and GSR’s digital asset administration platform.
“Litecoin has constantly delivered a secure, low-cost, and accessible community for over a decade,” stated Charlie Lee, creator of Litecoin. “With main international transaction quantity on platforms like BitPay, Litecoin is trusted by customers and built-in throughout retail and funds. This partnership with GSR and MEI brings that utility and mission into an institutional setting for the primary time.”
MEI’s management is driving this strategic shift, viewing the partnership as a bridge between public markets and crypto-native innovation. With GSR serving as asset supervisor and execution accomplice, MEI can be well-positioned to handle LTC as a treasury asset.
“This initiative represents the primary time a public firm is aligning its treasury technique with Litecoin at an institutional degree,” stated Joshua Riezman, US Chief Technique Officer, GSR. “It displays rising institutional confidence in LTC’s credibility, resilience, and regulatory readability.”
“There’s already significant institutional curiosity in Litecoin, however few mechanisms exist to entry it in a safe and structured method,” stated Quynh Ho, Head of Enterprise Funding, GSR. “This funding is designed to shut that hole by enabling entry to an asset with exceptional endurance.”
With GSR as an investor, strategic advisor, and asset supervisor, the collaboration creates potential momentum for LTC’s future development in decentralized finance. GSR’s broader involvement within the area, together with the incubation of the Polygon-based protocol Katana, highlights its experience in supporting rising ecosystems.
Charlie Lee and GSR acted as lead buyers, alongside participation from the Litecoin Basis and distinguished crypto enterprise capital companies and infrastructure suppliers, together with Mozayyx, Parafi, HiveMind, Primitive, RLH Capital, Delta Blockchain, and CoinFund, amongst different monetary establishments.
GSR continues to spend money on the broader digital asset ecosystem, providing capital options, liquidity, and strategic advisory providers to companions in any respect levels of development.
About GSR
GSR is crypto’s capital markets accomplice, delivering market-making, institutional-grade OTC buying and selling, and strategic enterprise backing to founders and establishments. With greater than a decade of expertise, we offer strategic steerage, market intelligence, and entry to a worldwide community to assist groups scale.
Customers can observe GSR on X or go to www.gsr.io for extra info.
Contact
VP Public Relations
Haley Malanga
GSR
haley.malanga@gsr.io
