TL;DR:
Keyrock reached a valuation of $1.1 billion after announcing a Series C funding round led by SC Ventures, the venture investment and building arm of Standard Chartered. Ripple, which had already led the Series B of $72 million in 2022, participated again as a supporting investor. The firm did not disclose the exact amount of capital raised to date, although a spokesperson estimated that the round could total $100 million when it closes in the coming months.
Keyrock operates as a market maker on 85 centralized and decentralized platforms, in addition to offering asset management, OTC trading, and options services. Founded in Brussels in 2017, it now has entities in Belgium, France, Switzerland, the United Kingdom, and the United States.
The closing of this round was successful despite a context of sharp contraction in venture funding linked to cryptocurrencies and related companies. According to reports, March 2026 recorded only 29 publicly disclosed venture capital deals, the lowest monthly figure in a full calendar year. During the first quarter of 2026, approximately $3.4 billion in deals were recorded, a figure comparable to the coldest quarters of the bear cycle of 2022 and 2023, following the collapse of FTX.
Alex Manson, CEO of SC Ventures, explained the decision in a statement: “Our investment in Keyrock reflects our conviction that sophisticated liquidity infrastructure is fundamental to the evolution of digital asset markets.”
Kevin de Patoul, CEO of Keyrock, noted that the funds will be used to strengthen the company’s balance sheet, expand its services, and explore new acquisitions. In 2025, the firm had already incorporated wealth management operations through the acquisition of Turing Capital.
For 2026, the company will aim to expand its client base and the geographical reach of its operations. Its New York office will serve as a base platform to take advantage of the more favorable regulatory environment driven by the second administration of President Donald Trump.
