Keyrock Secures Major Funding at Unicorn Valuation

Crypto market maker Keyrock has successfully closed its Series C funding round, achieving a significant valuation of $1.1 billion. This substantial investment underscores continued institutional interest in digital asset infrastructure.

The venture building and investment arm of Standard Chartered, SC Ventures, led this latest funding effort. Existing investor Ripple also participated in the financing round, signaling continued confidence in Keyrock's trajectory.

Strategic Use of New Capital

The Brussels-based firm announced that the fresh capital infusion will be strategically deployed across several key areas. These include strengthening the company's balance sheet and significantly expanding its product offerings.

Furthermore, Keyrock plans to utilize the funds to pursue strategic acquisitions as it works to scale its global operational footprint. This follows the launch of its asset and wealth management unit in the previous year.

Executive Outlook on Growth

Kevin de Patoul, CEO of Keyrock, commented on the achievement, stating, "Our latest funding round is a signal of intent for the future." He highlighted the company's commitment to growing its market share and extending its geographic reach.

Institutional Confidence in Digital Assets

The investment from SC Ventures reinforces the trend of bank-linked investors finding value in crypto market infrastructure. Providers focusing on liquidity and tokenized assets are particularly attractive to these entities.

Alex Manson, CEO of SC Ventures, expressed optimism regarding Keyrock's role in the evolving digital asset landscape. "As tokenized assets scale, we believe full-service providers, like Keyrock, will play an important role for SC Ventures’ digital asset ventures," Manson stated.

Previous Funding Milestones

This Series C round builds upon Keyrock's prior fundraising success. The company previously completed a Series B round that garnered backing from Ripple, SIX Fintech Ventures, and Middlegame Ventures.

Funds from that earlier investment were earmarked for expanding infrastructure, developing scalability tools, and securing necessary regulatory licenses across Europe, the United States, and Singapore.