Digital asset service provider Keyrock completes Series C financing with a valuation of $1.1 billion, led by SC Ventures under Standard Chartered Bank

Digital asset service provider Keyrock has completed a Series C financing round, led by SC Ventures, the venture capital arm of Standard Chartered Bank, with existing investor Ripple participating. After the financing, the valuation reached $1.1 billion. This round of financing is still open, with a total scale of up to $100 million. Keyrock stated that the funds raised will be used to strengthen the balance sheet, expand the service matrix, and promote mergers and acquisitions.

The company was founded in 2017 and currently provides services such as market making, asset management, over-the-counter (OTC) trading, and options, covering more than 80 centralized and decentralized trading venues, with over 200 employees globally. In terms of business expansion, Keyrock acquired Turing Capital, an alternative investment fund management company registered in Luxembourg, last September, and established an asset and wealth management department to focus on serving institutional clients and private investors.

CEO Kevin de Patoul stated that by 2026, the company will continue to drive growth in services, customer base, and geographic coverage to expand market share and strengthen its industry position.