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Market-Leading Research

Stay ahead in crypto with expert market analysis, timely industry insights, and in-depth research from GSR.

Jul 02, 2025

Introducing Katana: A Superconductor for Liquidity and Yield

Katana aggregates application revenue, sequencer fees, and tokenized treasury bill yields into a unified ecosystem that serves institutional and retail users.

Toe Bautista

Research Analyst

Focused Insights

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Core3 Model Portfolio - May 6th, 2026Stripe Bets on Crypto Rails for Agentic Commerce - GSR WeeklyArbitrum Seizes Lazarus’ Stolen Funds - GSR WeeklyCore3 Model Portfolio - April 22nd, 2026Core3 Model Portfolio - April 29th, 2026Exploits Plague DeFi - GSR WeeklyMorgan Stanley Enters ETF Race - GSR WeeklyGSR Leads Libeara’s Funding Round to Scale Tokenization of Institutional Grade AssetsQuantum Computing Leaps Forward - GSR WeeklyICE Doubles Down on Polymarket Investment - GSR WeeklyKatana Launches Perps Into Hot Market - GSR WeeklyGSR acquires crypto advisory firms in $57 million expansionGSR Acquires Autonomous and Architech to Launch Integrated Capital Markets and Treasury Platform for CryptoGSR Weekly Update - March 16th, 2026GSR and Zama Complete Landmark First Confidential OTC Trade on EthereumGSR Weekly Update - March 9th, 2026GSR Weekly Update - March 2nd, 2026GSR Weekly Update - February 23rd, 2026GSR Weekly Update - February 17th, 2026 GSR Weekly Update - February 9th, 2026GSR 2026 OutlookGSR Expands Institutional Platform to Raise Transparency, Control in Crypto TradingGSR Unveils "GSR One," a Unified Platform Redefining Transparency Across Trading, Treasury, and Market MakingChainlink and GSR Partner and Launch Stablecoin Enablement Program Powering the Next Wave of Stablecoin InnovationImportant Notice: Impersonation AlertUK watchdog speeds up crypto approvals in response to criticsThe Risks of AI & How Blockchain Can Solve ThemCrypto Market Maker GSR to Acquire FINRA-Registered Broker-DealerWith Crypto Treasury Boom In Its Sights, Market Maker GSR To Acquire FINRA-Registered Broker-DealerMarket maker GSR files for ETF to track crypto treasury firmsGSR's new ETF proposal eyes digital asset treasuries amid growing popularityWall Street Wraps the Stock Market’s Crypto Hype Into a New ETFGSR filed to launch a fund that bundles DAT companies into a single investmentAn ETF For Crypto Treasury Firms Could Launch SoonGSR, DigiFT Brings OTC Trading to $13.4B Tokenized Real-World Asset MarketGSR and DigiFT Launch Institutional OTC Liquidity for Tokenized Real-World AssetsFrank Chaparro Joins GSR as Head of Content and Special ProjectsGSR Leads $100M Private Placement into Nasdaq-listed MEI Pharma to Launch First Institutional Litecoin Treasury Strategy Alongside Charlie LeeKatana’s $240 Million Launch Bets On The Future Of Verticalized DeFiIntroducing Katana: A Superconductor for Liquidity and YieldGSR Launches Enhanced Systematic OTC Platform, Expanding FX Capabilities and Asset CoveragePolygon Labs and market maker GSR launch DeFi-focused blockchainPolygon, GSR Release Katana Network Tackle DeFi FragmentationKatana, the DeFi-focused chain incubated by Polygon Labs and GSR, launches private mainnetGSR invests in Maverix Securities to support the launch of regulated digital asset structured productsUNICEF Venture Fund and GSR Foundation Spotlight Catalytic Capital in London Fireside ChatGSR’s Josh Riezman on Regulation, Risk, and Readying Crypto for the Next PhaseGoQuant Raises $4M in Seed Funding Led by GSRGSR wins Crypto Market Maker of the Year | 2025GSR Anchors $100M Investment in Upexi to Purchase SOL, Stock Rockets 700%GSR Leads $100M Private Placement into Nasdaq-listed UpexiCrypto investment startup Glider raises $4MIT-Incubated Optimum Raises $11MDaily Market Update: April 4, 2025Daily Market Update: April 3, 2025Daily Market Update: April 2, 2025Daily Market Update: April 1, 2025Daily Market Update: March 31, 2025Weekly Crypto News Recap – March 28, 2025Daily Market Update: March 28, 2025The Convergence of Crypto and AIWeekly Crypto News Recap – March 21, 2025Weekly Crypto News Recap – March 14, 2025Weekly News Recap - March 9, 2025Weekly News Recap - March 2, 2025Weekly Crypto News Recap – February 28, 2025In Defense of the ‘MSTR Premium’Weekly Crypto News Recap – February 21, 2025Daily Market Update: February 7, 2025Crypto Market Structure at a Turning PointDaily Market Update: February 6, 2025Daily Market Update: February 5, 2025Why Sen. Lummis' Bitcoin Plan Could Bring BTC to $500KDaily Market Update: February 4, 2025Crypto Commentary January 2025Digital Asset Reference Pack2025 Subsector TrendsGSR Venture Investments - Looking Ahead 2025Crypto Commentary December 2024Crypto trading firm GSR receives approval from the UK's Financial Conduct AuthorityGSR Achieves UK FCA Approval, Solidifying Leadership in Global Crypto MarketsGSR secures UK FCA approval, expands regulated crypto servicesWeekly Crypto News Recap – December 13, 2024Crypto Commentary November 2024Weekly Crypto News Recap – December 6, 2024Weekly Crypto News Recap – November 29, 2024DeFi’s RenaissanceBrian Rudick, Head of Research at GSR, spoke to BBC News about Bitcoin’s new all-time highsCrypto Commentary October 2024The Open Network DeFi OpportunityThe Market View: October 2024Crypto Commentary September 2024GSR Research Team Expands: Strengthening Our Commitment to Market ExcellenceCrypto Commentary August 2024Steady Lads and BTFDCrypto Commentary July 2024Crypto Commentary June 2024Is Solana Next? | SOL ETFCrypto Commentary May 2024The Unintended Consequences of FIT21’s Crypto Market Structure BillCrypto Commentary April 2024Crypto Commentary March 2024GSR Obtains Major Payment Institution Licence from Monetary Authority of SingaporeCrypto Commentary February 2024Crypto Commentary January 2024GSR Venture Investments - Looking Ahead 2024Sizing the Massive Spot Bitcoin ETF OpportunityThe Great Staking Debate: Lido Dominance and EthereumThe Future of Bitcoin Mining FinanceUnderstanding the Perils (and Potential) of Leveraged ETFsEthereum Ecosystem Is Getting Busier, Not Quieter, Amid Layer 2 ShiftThe Long and Arduous Road Towards a US Spot Bitcoin ETFA Guide to Crypto DerivativesEnabling Staked ETH Withdrawals: ShapellaBitcoin for InstitutionsBelieve: Our Crypto ThesisFly, Fly Away: A Comprehensive Overview of the Butterfly Option StrategyEthereum’s Updated Roadmap: A Guide to The Merge and BeyondA Guide to Ethereum StakingEthereum’s Roadmap: A Guide to The Merge and BeyondHow Bitcoin WorksThe Rise of Crypto as an Asset Class and its Role in an Investment PortfolioWhat is DeFi? A Beginner’s GuideAccelerating Protocol Objectives with TokenomicsLooking ahead to another record-growth year at GSRA Guide to Market Making for Crypto Startups