Keyrock, a Brussels-based digital asset services company, 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 on Tuesday.
Ripple, which provides blockchain-based enterprise infrastructure, also participated in the fundraising as an existing sponsor. The financing round is still open and could reach $100 million.
Keyrock said in the statement that the new capital will be used to strengthen its balance sheet, expand its suite of services and make acquisitions.
Founded in 2017, the company provides market making, asset management, over-the-counter (OTC) trading and options services in the digital asset markets. It is positioned as a bridge between traditional financial institutions and crypto-native markets.
“In 2026, we are pushing for further growth in our services, customer 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 statement.
Keyrock operates more than 80 centralized and decentralized shopping centers and has a workforce of more than 200 employees worldwide.
The company 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: Crypto Investment Firm Keyrock CEO Says Bitcoin Is Undervalued and Enters ‘Transitional Year’
