Standard Chartered Venture Arm Backs Keyrock at $1.1B Valuation

Keyrock, a Brussels-based crypto market maker, has secured Series C funding at a $1.1 billion valuation, with SC Ventures, the venture building and investment arm of Standard Chartered, leading the round. The new capital will be used to strengthen Keyrock’s balance sheet, expand its product offerings, and pursue acquisitions as it scales globally. CEO Kevin de Patoul stated the funding signals intent for future growth, including expanding market share and geographic reach after launching its asset and wealth management unit. SC Ventures CEO Alex Manson believes full-service providers like Keyrock will be crucial as tokenized assets scale. Keyrock previously raised $72 million in Series B funding in 2022 and expanded into asset and wealth management via the acquisition of Turing Capital. Founded in 2017, Keyrock currently provides liquidity to over 85 platforms and processes more than 550,000 daily trades.

(Source：Cointelegraph)