Keyrock, a Brussels-based digital asset services firm, 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 said in a press release 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 suite of services and pursue acquisitions.
Founded in 2017, the firm offers market making, asset management, over-the-counter (OTC) trading and options services across digital asset markets. It positions itself as a bridge between traditional financial institutions and crypto-native markets.
"In 2026, we’re pushing for more growth in our services, client base, and geographic reach, as we look to gain greater market share and reinforce our position as a leading player,” Keyrock CEO Kevin de Patoul said in the release.
Keyrock operates across more than 80 centralized and decentralized trading venues and has a workforce of over 200 employees globally.
The firm expanded into asset and wealth management by acquiring Turing Capital, a Luxembourg-registered alternative investment fund manager, in September last year.
That deal marked the launch of Keyrock’s Asset and Wealth Management division, a new business unit dedicated to institutional clients and private investors.
Read more: CEO of crypto investment firm Keyrock says bitcoin is undervalued, entering ‘transition year’
