Ripple, SC Ventures back Keyrock as it hits unicorn status
Keyrock, a digital asset market maker, achieved a $1.1 billion valuation after a Series C funding round led by SC Ventures and Ripple.Summary
Brussels-based Keyrock has become a unicorn, reaching a $1.1 billion valuation following a Series C funding round led by SC Ventures, the venture arm of Standard Chartered Bank, and Ripple. The investment will be used to expand Keyrock’s services, pursue acquisitions, and strengthen its position in institutional digital asset markets. Keyrock CEO Kevin de Patoul stated the funding reflects the company’s strategic vision, particularly following the launch of Keyrock Asset & Wealth Management. SC Ventures CEO Alex Manson highlighted the importance of sophisticated liquidity infrastructure for the growth of digital asset markets, positioning Keyrock as a key player. Keyrock operates across 85 centralized and decentralized venues, offering solutions in asset management, trading, and market-making for both traditional and tokenized finance. Ripple and Keyrock have a long-standing partnership, with Keyrock providing liquidity solutions to Ripple since 2019.
(Source：Crypto Briefing)