The crypto trading company, Keyrock, said that it extended in the management of assets and wealth by acquiring Turing Capital, an investment fund manager.
The agreement, announced on Tuesday, marks the launch of the Keyrock assets and assets division, a new commercial unit dedicated to institutional customers and private investors.
Keyrock, founded in Brussels, in Belgium and especially known for his work in the manufacture of the market, the options and the trade of will, said that he would fold the investment strategies of Turing Capital and the management structure of Luxembourg funds in its broader platform. The division will be led by the co-founder of Turing Capital, Jorge Schnura, who joins the Executive Committee of Keyrock as president of the unit.
The company has said that expansion will allow it to provide services throughout the life cycle of digital assets, from the supply of liquidity to long -term investment strategies. “In the near future, all assets will live on the air,” said Schnura, noting that the merger positions the group to seize opportunities as traditional financial products migrate to blockchain rails.
Keyrock also requested regulatory approval as part of the EU Crypto Framework Framework via a deposit with the Liechtenstein financial regulator. If it is approved, the company plans to offer portfolio and advice management services, aimed at competing directly with traditional asset managers as well as crypto-native actors.
“Today’s launch opens the way to our longer -term ambition: putting asset management on the chain in a way that really meets institutional standards,” the KSO of Keys Juan David Mendieta said in a press release.
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