Keyrock, a digital asset services company, has acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release on Thursday.
The completed transaction adds BlockFills’ client relationships, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses, spanning market making, over-the-counter (OTC) trading, options, credit, on-chain services and asset management.
CoinDesk reported in June that Keyrock was in the process of acquiring Chicago-based cryptocurrency trading and lending company Blockfills. According to a bankruptcy filing, Keyrock agreed to pay $3.25 million for substantially all of BlockFills’ assets, while assuming certain liabilities, equity interests, customer relationships and proprietary technology.
The acquisition expands Keyrock’s regulatory reach through a CIMA registered entity in the Cayman Islands and the proposed acquisition of an FCA authorized entity in the United Kingdom, subject to regulatory approval.
The company said the combined platform will offer institutional clients enhanced execution capabilities supported by Keyrock’s balance sheet and regulatory infrastructure.
