Brussels-based digital asset providers firm Keyrock has raised a Sequence C spherical led by SC Ventures, the enterprise arm of Customary Chartered, at a valuation of $1.1 billion, the corporate introduced in a press launch on Tuesday.
Ripple, which supplies blockchain-based company infrastructure, additionally participated within the funding as an present supporter. The funding spherical remains to be ongoing and will whole as much as $100 million.
Keylock mentioned in a launch that the brand new funding can be used to strengthen its steadiness sheet, develop its suite of providers and pursue acquisitions.
Based in 2017, the corporate supplies market making, asset administration, over-the-counter (OTC) buying and selling, and choices providers throughout digital asset markets. The corporate positions itself as a bridge between conventional monetary establishments and crypto-native markets.
“In 2026, we purpose to additional develop our providers, buyer base and geographic attain, with the purpose of capturing better market share and strengthening our place as a number one participant,” Keyrock CEO Kevin de Patoul mentioned in a launch.
Keyrock operates in over 80 centralized and decentralized buying and selling venues and employs over 200 individuals worldwide.
Final September, the corporate expanded into wealth and wealth administration with the acquisition of Luxembourg-registered different funding fund administration agency Turing Capital.
The deal marked the launch of Keylock’s Asset and Wealth Administration division, a brand new enterprise unit targeted on institutional shoppers and retail buyers.
learn extra: CEO of crypto funding agency Keylock says Bitcoin is undervalued and has entered a “transition yr”
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