Keyrock, a digital asset market maker based in Brussels, has recently achieved a remarkable valuation of $1.1 billion after securing Series C funding. This investment round, led by SC Ventures—the venture arm of Standard Chartered Bank—alongside support from Ripple, aims to enhance Keyrock’s services, facilitate acquisitions, and strengthen its presence in institutional-grade digital asset markets.
What does this funding mean for Keyrock and its clients? The successful funding is a testament to Keyrock’s innovative approach and commitment to expanding its offerings. Keyrock’s CEO, Kevin de Patoul, indicated that the funding aligns with the company’s proactive strategies. Following the establishment of Keyrock Asset & Wealth Management in the previous year, the firm’s ambition is to broaden its services, increase its client base, and extend geographical reach by 2026 to fortify its market standing.
SC Ventures shares this vision, noting the foundational role of sophisticated liquidity infrastructure in the advancement of digital asset markets. As the landscape evolves, full-service providers like Keyrock are expected to be pivotal to SC Ventures’ initiatives in digital assets.
Keyrock operates on a global scale, engaging with 85 centralized and decentralized trading platforms. The company delivers extensive solutions encompassing asset management, trading, and market-making services for entities in both traditional finance and the tokenized finance sector.
Keyrock’s longstanding partnership with Ripple has been integral, with Keyrock supplying liquidity solutions to Ripple since 2019. The firm had previously raised $72 million in Series B funding during 2022 from notable investors, including Ripple and SIX Fintech Ventures, to fuel its growth trajectory.