Keyrock has reached a $1.1 billion valuation following its latest Series C funding round led by SC Ventures, as the firm accelerates its expansion beyond market making into asset and wealth management.
Summary
Keyrock’s Series C round values the company at $1.1B.
Ripple participated as an existing investor.
The firm plans to raise up to $100M to fund growth, acquisitions, and product expansion.
The Brussels-based crypto market maker is aiming to secure up to $100 million in fresh capital to strengthen its global operations. The funds will be used to enhance its balance sheet, expand its offerings across centralized and decentralized exchanges, and explore mergers and acquisitions in related infrastructure and asset management sectors.
Founded in 2017 by CEO Kevin de Patoul, Keyrock operates proprietary, market-neutral trading systems across a wide network of exchanges. The company now has a presence on more than 80 trading venues and hundreds of markets, positioning itself as a major liquidity provider in the digital asset ecosystem.
Backing from major institutional players
The funding round highlights growing institutional interest in digital assets. SC Ventures, backed by Standard Chartered, has been активно investing in crypto and fintech initiatives, including exchange platforms and digital asset funds. The bank has also expanded into institutional crypto trading and is working on a prime brokerage offering within its venture arm.
Meanwhile, Ripple continues to deepen its involvement in the crypto infrastructure space. Having previously co-led Keyrock’s Series B round, the company maintains a long-standing partnership with the market maker, leveraging its liquidity solutions across various platforms.
Expanding into asset and wealth management
Beyond its core business in market making, OTC trading, and options, Keyrock is actively diversifying. A key step in this direction was its acquisition of Luxembourg-based Turing Capital, which adds a regulated asset management structure to its operations.
This move enables Keyrock to launch a dedicated Asset & Wealth Management division, focusing on institutional clients and high-net-worth individuals. The company aims to offer tokenized investment strategies and data-driven portfolio solutions, bridging traditional finance and digital assets.
Strategic shift
Keyrock’s evolution reflects a broader trend in the crypto industry, where firms are moving beyond trading infrastructure into full-service financial platforms. By combining liquidity provision with long-term investment products, the company is positioning itself as a comprehensive partner for institutional investors navigating the digital asset space.
With fresh funding and a growing global footprint, Keyrock is now looking to scale its operations and solidify its role across both crypto trading and asset management markets.
