Digital asset services company Keyrock has completed a Series C funding round led by SC Ventures, valuing the company at $1.1 billion.

PANews reported on March 31 that, according to CoinDesk, Belgian digital asset services company Keyrock has completed a Series C funding round led by Standard Chartered's SC Ventures, valuing the company at $1.1 billion. Ripple participated as an existing investor. The round is still open for further funding, with a maximum size of $100 million. The new funds will be used to strengthen the balance sheet, expand the service product line, and pursue acquisition opportunities.

Founded in 2017, Keyrock provides market making, asset management, OTC trading, and options services, operating across more than 80 centralized and decentralized trading platforms, with over 200 employees worldwide. Last September, the company expanded its asset and wealth management business through the acquisition of Turing Capital.