Crypto market maker Keyrock secured Series C funding at a $1.1 billion valuation in a round led by SC Ventures, Standard Chartered’s venture building and investment arm. Ripple also joined the round. The Brussels-based firm said it will use the capital to strengthen its balance sheet, broaden its product suite, and pursue acquisitions as it grows worldwide.
CEO Kevin de Patoul said the funding signals the firm’s plans for the future. He said Keyrock aims to grow its market share and widen its geographic reach after launching its asset and wealth management unit last year.
The deal adds to fresh signs of institutional interest in crypto market infrastructure. It also points to continued backing for firms focused on liquidity and tokenized assets.
Keyrock said the new capital will support three priorities. The company plans to reinforce its balance sheet, add more products, and pursue mergers and acquisitions. De Patoul tied this strategy to the company’s broader expansion effort. He said the firm wants to build on last year’s launch of its asset and wealth management unit.
Keyrock also expanded through acquisition the previous year. It bought Turing Capital, a Luxembourg-based alternative investment fund manager, as it moved deeper into asset and wealth management. The company’s earlier fundraising set the stage for this step. In 2022, Keyrock raised $72 million in a Series B round backed by Ripple, SIX Fintech Ventures, and Middlegame Ventures.
At the time, the company said it would use the funds to expand infrastructure, build scalability tools, and secure regulatory licenses in Europe, the United States, and Singapore.
Keyrock said it now provides liquidity to more than 85 centralized and decentralized platforms. According to its website, it has also expanded into 1,300 new markets and processes over 550,000 daily trades.
The firm’s reach extends across 80 trading venues. It also employs more than 200 people worldwide, supporting its ongoing growth strategy.
SC Ventures framed the investment around tokenized assets and market infrastructure. Alex Manson, CEO of SC Ventures, said full-service providers like Keyrock will matter as tokenized assets scale.
This position fits Standard Chartered’s wider digital asset strategy. In 2025, Cointelegraph reported that SC Ventures was preparing a $250 million fund focused on the sector.
Could this deal mark a new phase for bank-backed crypto infrastructure?
The new valuation adds another data point to the sector’s current funding environment. The text said institutional investors are allocating more capital to firms that offer scalable services and regulatory compliance.
It also said states such as Texas and Wyoming are building legal frameworks that support digital asset integration. This trend forms part of the broader backdrop for firms operating at the intersection of finance and crypto.
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The announcement arrives as companies tied to trading infrastructure attract fresh attention. Reports linked the demand to liquidity services and the growth of tokenized assets.
They also described the Series C round as a positive signal for investors in digital asset services. The participation of Standard Chartered and Ripple may add confidence across the sector.
For institutional investors, the valuation may serve as a reference point when they assess other digital asset service providers. The company’s focus on acquisitions and expansion may also attract more secondary investors.
At the same time, the broader crypto industry continues to mature. Exchanges now provide longer advance notice for upgrades, share more detailed explanations, and shorten maintenance windows through better coordination.
This same shift toward stronger infrastructure and smoother operations forms part of the setting around Keyrock’s latest raise. In such an environment, firms that connect traditional finance and crypto markets will continue to draw capital.
Keyrock secured Series C funding at a $1.1 billion valuation in a round led by SC Ventures, with Ripple also participating. The raise will support balance sheet growth, product expansion, acquisitions, and broader global reach, reinforcing continued institutional interest in crypto market infrastructure.