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GSR Committed $100 Million to Onchain Credit Vault

The liquidity provider has launched Hare, a new business entity focused on structuring onchain credit products.

Updated on Oct. 7, 2026 in Startups

Bold flat-color editorial illustration showing a massive steel vault door, symbolizing secure credit infrastructure.
GSR has launched Hare, a new onchain credit vault business, supported by a $100 million capital commitment to formalize its credit market infrastructure. AI Illustration. Upload story photo >

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Does the entry of established trading firms into decentralized finance make you trust onchain credit more?

GSR has committed $100 million in capital to launch Hare, an onchain credit vault business. The company intends to treat credit as a dedicated line of business by leveraging its existing liquidity relationships.

Why it matters

The move marks a strategic shift for GSR to formalize its presence in the onchain credit sector. By building a dedicated infrastructure for credit products, the firm aims to capture demand in the growing market for tokenized asset origination.

GSR has committed $100 million to launch the Hare vault business, building on a $57 million acquisition of Autonomous and Architech earlier this year.

The players

GSR

Founded in 2013, this firm provides liquidity and over-the-counter trading services for digital assets.

Hare

This is a new onchain credit vault business launched by GSR to structure and manage credit products.

Libeara

An entity that currently supports over $1 billion in onchain asset origination.

The details

GSR plans to utilize its regulated entities and over-the-counter trading operations to support Hare as it structures its first credit products. The firm currently operates as a liquidity provider and has recently expanded its regulatory footprint, including securing registrations in the Cayman Islands.

Timeline

  1. GSR was founded in 2013.

  2. The firm acquired Autonomous and Architech in March 2026.

  3. Regulatory registrations in the Cayman Islands were secured in September 2026.

  4. GSR announced the Onchain Credit Desk on October 7, 2026.

Market Landscape

The launch of Hare follows the trend of institutional-grade onchain asset origination established by entities like Libeara. This move intensifies the competition among liquidity providers seeking to integrate traditional credit structuring with onchain protocols.

Customers who utilize GSR for liquidity services may see new credit-linked products emerge as the firm operationalizes the Hare vault. Eligibility for deposits and specific product availability remain subject to the firm's ongoing internal review processes.

The takeaway

GSR is expanding its business model by treating credit as a primary, specialized service line rather than a peripheral activity. This transition highlights the ongoing efforts of established crypto-native firms to integrate with regulated financial structures.

Further reading

For more developments in the space, explore our coverage of Startups.

Live Poll

Does the entry of established trading firms into decentralized finance make you trust onchain credit more?