Keyrock completes Series C funding round at a valuation of $1.1 billion; SC Ventures leads the investment, with Ripple also participating

Gate News message: Keyrock, a digital asset services company headquartered in Belgium, announced that it has completed its Series C funding round, valuing the company at $1.1 billion. The round was led by SC Ventures, the risk investment arm of Standard Chartered, with blockchain infrastructure firm Ripple continuing to participate as an existing investor. According to the disclosure, the round is still in progress, and the final amount could reach $100 million.

Keyrock said the new funding will be primarily used to strengthen its balance sheet, expand its business scope, and promote strategic acquisitions to further solidify its market position in the crypto financial services sector. Founded in 2017, Keyrock focuses on market making, asset management, over-the-counter (OTC) trading, and options services, aiming to connect traditional finance with crypto-native markets.

CEO Kevin de Patoul noted that the company will accelerate its global expansion in 2026, focusing on enhancing service capabilities, growing its client base, and expanding regional coverage to capture a larger market share. Currently, Keyrock operates across more than 80 trading venues worldwide, with a team size of over 200 people, serving both institutions and high-net-worth investors.

Notably, in 2025 Keyrock acquired Turing Capital, a Luxembourg alternative investment fund manager. This move marks the formal establishment of its asset and wealth management division, further strengthening its institutional-grade service capabilities. This positioning enables it to evolve beyond being limited to liquidity provision and transition into a comprehensive financial services platform.

The funding reflects continued increased allocation of traditional financial capital to the digital asset space. As mainstream assets such as Bitcoin and Ethereum are gradually being adopted by institutions, demand for crypto market infrastructure continues to rise. Platform-based companies such as Keyrock are expected to benefit from this trend, becoming an important hub connecting on-chain liquidity with institutional capital. (CoinDesk)