Crypto market maker Keyrock has raised fresh capital at a $1.1 billion valuation in a Series C round led by SC Ventures, the investment and venture-building division of Standard Chartered.
The Brussels-based firm said Tuesday that the new funding will be used to strengthen its balance sheet, expand its product suite, and pursue acquisitions as it scales globally. Existing investor Ripple also participated in the round.
CEO Kevin de Patoul described the raise as a “signal of intent,” highlighting plans to grow market share and broaden geographic reach following the launch of the company’s asset and wealth management division last year.
The investment underscores continued interest from bank-affiliated players in crypto market infrastructure, particularly firms focused on liquidity provision and tokenized assets. SC Ventures CEO Alex Manson said full-service providers like Keyrock are expected to play a key role as tokenized markets expand.
Earlier Funding Momentum
Keyrock previously raised $72 million in a 2022 Series B round backed by Ripple, SIX Fintech Ventures, and Middlegame Ventures, with the funds aimed at scaling infrastructure, enhancing tools, and securing regulatory licenses across Europe, the United States, and Singapore.
Keyrock Expands Into Wealth Management, Scales Global Reach
Last year, Keyrock expanded into asset and wealth management through its acquisition of Turing Capital, a Luxembourg-based alternative investment firm.
Founded in 2017, Keyrock provides liquidity across more than 85 centralized and decentralized platforms and has grown into over 1,300 markets, according to its website. The company also says it processes upwards of 550,000 trades per day.
Backing from SC Ventures further highlights Standard Chartered’s expanding focus on digital assets. In 2025, the venture arm was reported to be preparing a $250 million fund aimed at accelerating investments in the crypto sector.
