Crypto market maker Keyrock secured Sequence C funding at a $1.1 billion valuation in a spherical led by SC Ventures, the enterprise constructing and funding arm of Customary Chartered.
In a Tuesday announcement, the Brussels-based firm mentioned the brand new capital will probably be used to strengthen its stability sheet, increase its product providing and pursue acquisitions because it scales its international footprint. Present investor Ripple additionally participated within the spherical.
“Our newest funding spherical is a sign of intent for the long run,” CEO Kevin de Patoul mentioned, pointing to plans to develop market share and lengthen geographic attain following the launch of its asset and wealth administration unit final yr.
The funding provides to indicators that bank-linked traders nonetheless see alternative in crypto market infrastructure, significantly corporations positioning themselves round liquidity and tokenized belongings. “As tokenized belongings scale, we consider full-service suppliers, like Keyrock, will play an essential function for SC Ventures’ digital asset ventures,” Alex Manson, CEO of SC Ventures, mentioned.
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Keyrock raises $72 million in Sequence B
In 2022, Keyrock raised $72 million in a Sequence B funding spherical backed by Ripple, SIX Fintech Ventures and Middlegame Ventures. On the time, the corporate mentioned the funds can be used to increase infrastructure, construct scalability instruments and safe regulatory licenses throughout Europe, america and Singapore.
Final yr, the corporate additionally expanded into asset and wealth administration by means of the acquisition of Turing Capital, a Luxembourg-based various funding fund supervisor.
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Based in 2017, Keyrock gives liquidity to greater than 85 centralized and decentralized platforms and has expanded into 1,300 new markets, in accordance with its web site. The corporate additionally claims it processes greater than 550,000 day by day trades.
SC Ventures’ backing provides to Customary Chartered’s broader digital asset push, after Cointelegraph reported in 2025 that the enterprise arm was making ready a $250 million fund centered on the sector.
Cointelegraph reached out to Keyrock for remark, however had not obtained a response by publication.
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