Keyrock completes its Series C funding round with a valuation of $1.1 billion; SC Ventures leads the investment, and Ripple also participates.

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. This round was led by SC Ventures, the risk investment arm of Standard Chartered Bank, with blockchain infrastructure company 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 mainly be used to strengthen its balance sheet, expand its business scope, and move forward with strategic acquisitions, so as to further consolidate its market position in the crypto financial services sector. As a company 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 said the company will accelerate its global expansion in 2026, with a focus on enhancing service capabilities, growing its customer base, and expanding regional coverage, thereby capturing a larger share of the market. Currently, Keyrock already 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 marks the formal establishment of its asset and wealth management divisions, further strengthening its institutional-grade service capabilities. This strategy enables it to evolve beyond liquidity provision into a broader financial services platform.

This funding reflects traditional financial capital continuing to increase its exposure to the digital asset space. As mainstream assets such as Bitcoin and Ethereum are gradually accepted by institutions, demand for crypto market infrastructure continues to rise. Platform-based companies such as Keyrock are expected to benefit from this trend and become an important hub connecting on-chain liquidity with institutional capital. (CoinDesk)