Keyrock hits unicorn status after Series C led by Standard Chartered’s VC arm
Brussels-based digital-asset services firm Keyrock said Tuesday it has reached a $1.1 billion valuation following a Series C round led by SC Ventures, the venture arm of Standard Chartered. Ripple, an existing investor and blockchain infrastructure provider, also participated. The fundraising remains open and could ultimately top $100 million.
Keyrock plans to deploy the fresh capital to bolster its balance sheet, broaden its product lineup and pursue strategic acquisitions — moves aimed at accelerating institutional growth and market share. “In 2026, we’re pushing for more growth in our services, client base, and geographic reach, as we look to gain greater market share and reinforce our position as a leading player,” CEO Kevin de Patoul said in the release.
Founded in 2017, Keyrock operates as a full-service market participant across more than 80 centralized and decentralized trading venues. The firm provides market making, asset management, over-the-counter trading and options services, positioning itself as a bridge between traditional finance and crypto-native markets. It now employs over 200 people globally.
Last September Keyrock expanded into asset and wealth management with the acquisition of Turing Capital, a Luxembourg-registered alternative investment fund manager. That deal launched Keyrock’s Asset and Wealth Management division, targeting institutional clients and private investors — a clear signal of the firm’s push to capture more institutional capital flows.
The Series C and backing from a bank-linked investor like SC Ventures underscore increasing mainstream financial interest in crypto infrastructure firms that can serve both legacy institutions and digital-native participants. Keyrock’s next steps—product expansion and targeted M&A—will be watched closely as it looks to convert this new capital into broader market presence.
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