Keyrock Hits $1.1B Valuation in SC Ventures-Led Series C

• Keyrock has achieved a valuation of $1.1 billion following a Series C funding round led by SC Ventures.
• The financing round remains active and is projected to reach a total of $100 million, with participation from existing investor Ripple.
• Funds will be utilized to bolster the company's balance sheet, drive global expansion, and facilitate potential corporate acquisitions.

Strategic Capital Injection and Unicorn Status

Brussels-based digital asset firm Keyrock has officially entered unicorn territory with a new valuation of $1.1 billion. The latest Series C funding round was spearheaded by SC Ventures, the venture capital arm of Standard Chartered. Ripple, a prominent provider of blockchain infrastructure, also doubled down on its support for the firm by participating in this round as an existing backer.

While the valuation has been set, the funding round is currently ongoing and could eventually scale to $100 million. According to official statements, the primary objectives for this fresh capital include strengthening the firm's financial reserves and funding a more aggressive growth strategy that includes mergers and acquisitions.

Ambitious Growth Roadmap for 2026

CEO Kevin de Patoul has outlined a clear vision for the company's trajectory, emphasizing a push for significant market share by 2026. The firm plans to aggressively expand its client base and geographic footprint. Keyrock currently maintains a robust presence in the industry, operating across more than 80 centralized and decentralized trading venues with a global workforce exceeding 200 employees.

• Service Expansion: Broadening the scope of market making and OTC services.
• Geographic Reach: Increasing presence in key international financial hubs.
• Institutional Focus: Catering to a growing demand from traditional financial entities entering the crypto space.

Evolution into a Full-Service Financial Infrastructure

Founded in 2017, Keyrock has evolved from a specialized market maker into a comprehensive digital asset services provider. The firm acts as a critical intermediary between traditional finance and the decentralized ecosystem, offering asset management, over-the-counter (OTC) trading, and options.

A pivotal moment in this evolution occurred in September of last year when Keyrock acquired Turing Capital, a Luxembourg-registered investment fund manager. This acquisition enabled the launch of a dedicated Asset and Wealth Management division, specifically designed to serve the complex needs of institutional clients and private investors seeking exposure to digital assets.