SC Ventures, Ripple back Keyrock’s open Series C at $1.1 billion valuation
The Block
Keyrock, a crypto asset manager, secured new funding at a $1.1 billion valuation led by SC Ventures and Ripple.Summary
Keyrock, a crypto asset manager, market maker, and trading infrastructure provider, has raised “significant” new funding at a $1.1 billion valuation. While the exact amount is undisclosed, it’s estimated to reach $100 million in the coming months. The Series C round is led by SC Ventures, with Ripple, a previous investor, also participating. This funding comes during a slowdown in crypto venture funding, but Keyrock has expanded its services through the acquisition of Turing Capital and established a U.S. headquarters. Founded in 2017, Keyrock provides liquidity infrastructure for digital asset markets and aims to grow its services, client base, and geographical reach in 2026.
(Source：The Block)