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GSR launches foundation with $10mn pledge

Melanie May | 16 February 2023 | News

James Newell
James Newell, GSR Foundation Executive Director

Global crypto market maker and liquidity provider GSR has pledged an initial $10mn (over £8.3mn) to establish the GSR Foundation, an independent grantmaking charity that will support nonprofit organisations across the world.

GSR has launched the foundation in response to the barriers to participation in tech, and in celebration of 10 years of business. the foundation will work to make access to tech opportunities more equitable and equal through strategic grant making and the sharing of thought leadership.

The $10mn donation formalises and grows a long-standing commitment by the firm to ESG and positive social impact, alongside building a best-in-class trading business.


Gift acceptance and due diligence course by Kerry Rock. Background image (filtered yellow) of one hand on the left with thumb down, and on the right a hand with a thumb up.

James Newell will serve as GSR Foundation’s first Executive Director. Newell brings over 16 years of experience leading global nonprofit organisations and social businesses from management positions including Consultant, Executive, and Non-Executive Director.

Jakob Palmstierna, CEO, GSR and Founding Patron of the GSR Foundation said:

“The barriers that exist in communities today stem from a number of things – a practical lack of hardware to a cultural lack of precedent – and may be general to whole populations or targeted to specific demographics.


“Through our commitment to fund the GSR Foundation, we will have confidence that GSR lives its commitment to making social value creation an integral part of our DNA”.


Newell commented:

“I am thrilled to be joining the GSR Foundation as Director. I am excited to join a company genuinely solving problems with its philanthropy and working directly with our grantees to co-create solutions to challenging problems. Ultimately, sharing what we learn and building viable, scalable solutions that last.”