Keyrock, a Brussels-based digital asset companies agency, has raised a Sequence C spherical led by SC Ventures, the enterprise arm of Customary Chartered, at a valuation of $1.1 billion, the corporate mentioned in a press launch Tuesday.
Ripple, which gives blockchain-based enterprise infrastructure, additionally participated within the fundraising as an present backer. The funding spherical stays open and will complete as much as $100 million.
Keyrock mentioned within the launch that the brand new capital can be used to strengthen its stability sheet, increase its suite of companies and pursue acquisitions.
Based in 2017, the agency affords market making, asset administration, over-the-counter (OTC) buying and selling and choices companies throughout digital asset markets. It positions itself as a bridge between conventional monetary establishments and crypto-native markets.
“In 2026, we’re pushing for extra progress in our companies, shopper base, and geographic attain, as we glance to achieve better market share and reinforce our place as a number one participant,” Keyrock CEO Kevin de Patoul mentioned within the launch.
Keyrock operates throughout greater than 80 centralized and decentralized buying and selling venues and has a workforce of over 200 staff globally.
The agency expanded into asset and wealth administration by buying Turing Capital, a Luxembourg-registered different funding fund supervisor, in September final yr.
That deal marked the launch of Keyrock’s Asset and Wealth Administration division, a brand new enterprise unit devoted to institutional purchasers and personal traders.
Learn extra: CEO of crypto funding agency Keyrock says bitcoin is undervalued, coming into ‘transition yr’
