Crypto market maker Keyrock has closed a Series C funding round that values the Brussels-based firm at $1.1 billion. The round was led by SC Ventures, the venture building and investment arm of Standard Chartered, with existing investor Ripple also participating.
Keyrock said the new capital will strengthen its balance sheet, broaden its product offering and support acquisitions as it scales globally. CEO Kevin de Patoul described the raise as “a signal of intent for the future,” noting plans to grow market share and geographic reach after launching an asset and wealth management unit last year.
Alex Manson, CEO of SC Ventures, said the investment reflects belief in the role full-service providers like Keyrock will play as tokenized assets scale, highlighting continued interest from bank-linked investors in crypto market infrastructure, particularly liquidity and tokenization specialists.
In 2022 Keyrock raised $72 million in a Series B led by Ripple, SIX Fintech Ventures and Middlegame Ventures to expand infrastructure, build scalability tools and secure regulatory licences across Europe, the U.S. and Singapore. Last year the company moved into asset and wealth management through acquisition of Luxembourg-based Turing Capital.
Founded in 2017, Keyrock provides liquidity to more than 85 centralized and decentralized platforms, has expanded into roughly 1,300 new markets and processes more than 550,000 daily trades, according to its website.
SC Ventures’ backing adds to Standard Chartered’s broader digital asset push; the bank’s venture arm has been reported to be preparing a $250 million fund focused on the sector. Cointelegraph contacted Keyrock for comment but had not received a response by publication.
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