Keyrock, a Brussels-based digital asset services company, has raised a Series C round led by SC Ventures, the venture capital arm of Standard Chartered, at a valuation of $1.1 billion, the company announced in a press release on Tuesday.
Ripple, which provides blockchain-based enterprise infrastructure, also participated in the fundraising as an existing backer. The funding round remains open and could total up to $100 million.
Keyrock said in the release that the new capital will be used to strengthen its balance sheet, expand its range of services and pursue acquisitions.
Founded in 2017, the company provides market making, asset management, over-the-counter (OTC) and options trading services in digital asset markets. It positions itself as a bridge between traditional financial institutions and crypto-native markets.
“In 2026, we are targeting increased growth in our services, customer base and geographic reach, as we seek to gain greater market share and strengthen our position as a leading player,” Kevin de Patoul, CEO of Keyrock, said in the release.
Keyrock operates on more than 80 centralized and decentralized trading platforms and has more than 200 employees worldwide.
The company expanded into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager, in September last year.
This operation marks the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.
Learn more: CEO of crypto investment firm Keyrock says bitcoin is undervalued and entering a ‘year of transition’
