Brussels-based digital asset services company Keyrock has raised a Series C round led by SC Ventures, the venture 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 corporate infrastructure, also participated in the funding as an existing supporter. The funding round is still ongoing and could total up to $100 million.
Keylock said in a release that the new funding will be used to strengthen its balance sheet, expand its suite of services and pursue acquisitions.
Founded in 2017, the company provides market making, asset management, over-the-counter (OTC) trading, and options services across digital asset markets. The company positions itself as a bridge between traditional financial institutions and crypto-native markets.
“In 2026, we aim to further grow our services, customer base and geographic reach, with the aim of capturing greater market share and strengthening our position as a leading player,” Keyrock CEO Kevin de Patoul said in a release.
Keyrock operates in over 80 centralized and decentralized trading venues and employs over 200 people worldwide.
Last September, the company expanded into wealth and wealth management with the acquisition of Luxembourg-registered alternative investment fund management firm Turing Capital.
The deal marked the launch of Keylock’s Asset and Wealth Management division, a new business unit focused on institutional clients and retail investors.
read more: CEO of crypto investment firm Keylock says Bitcoin is undervalued and has entered a “transition year”
