Keyrock Reaches $1.1 Billion Valuation in Series C Funding Led by SC Ventures

Brussels-based digital asset services firm Keyrock has secured a Series C funding round led by SC Ventures, the venture arm of Standard Chartered, reaching a valuation of $1.1 billion. Ripple, an existing investor providing blockchain-based enterprise infrastructure, also participated in the round.

The company confirmed that the funding remains open and could reach up to $100 million. According to the announcement, the capital will be used to strengthen Keyrock’s balance sheet, expand its product offerings, and support mergers and acquisitions as part of its long-term growth strategy.

Business Growth and Market Position

Founded in 2017, Keyrock provides market making, asset management, over the counter trading, and options services across digital asset markets. The company operates on more than 80 centralized and decentralized trading venues and employs over 200 staff globally.

Chief Executive Officer Kevin de Patoul said the firm aims to expand its services, grow its client base, and increase geographic reach in 2026 to capture greater market share.

Expansion Through Strategic Acquisition

Keyrock expanded into asset and wealth management by acquiring Turing Capital, a Luxembourg registered alternative investment fund manager, in September last year. The acquisition led to the creation of its Asset and Wealth Management division focused on institutional clients and private investors.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.