SC Ventures leads funding round valuing crypto liquidity provider Keyrock at $1.1 billion
The venture capital division of Standard Chartered spearheaded the investment as the Belgian firm plans to broaden its offerings, target M&A opportunities and expand internationally.
Digital asset market maker Keyrock has completed a Series C financing round that values the company at $1.1 billion, with SC Ventures—the innovation and venture capital division of Standard Chartered Bank—serving as the lead investor.
According to a statement released on Tuesday, the Belgium-headquartered firm indicated that proceeds from the funding will support balance sheet reinforcement, diversification of its service portfolio, and the pursuit of strategic acquisitions while expanding its international operations. The round also saw participation from Ripple, which previously backed the company.
"Our latest funding round is a signal of intent for the future,"stated CEO Kevin de Patoul, highlighting ambitions to increase market penetration and broaden geographical presence after introducing its asset and wealth management division in the previous year.
The capital injection represents further evidence that banking-affiliated venture investors continue to identify opportunities within cryptocurrency market infrastructure, especially among firms establishing themselves in the liquidity provision and asset tokenization space.
"As tokenized assets scale, we believe full-service providers, like Keyrock, will play an important role for SC Ventures' digital asset ventures,"commented Alex Manson, CEO of SC Ventures.
Keyrock raises $72 million in Series B
During 2022, Keyrock completed a Series B financing round that brought in $72 million from investors including Ripple, SIX Fintech Ventures and Middlegame Ventures. The company communicated at that juncture that the capital would support infrastructure expansion, development of scalability solutions and obtaining regulatory approvals throughout Europe, the United States and Singapore.
In the previous year, the firm additionally moved into the asset and wealth management sector by acquiring Turing Capital, an alternative investment fund manager based in Luxembourg.
Established in 2017, Keyrock delivers liquidity services to over 85 centralized and decentralized platforms and has grown its presence across 1,300 new markets, as stated on its official website. The firm additionally reports that it executes more than 550,000 trades on a daily basis.
The investment from SC Ventures contributes to Standard Chartered's wider engagement with digital assets, following Cointelegraph's 2025 report that the venture division was developing a $250 million fund targeting the cryptocurrency sector.
Cointelegraph reached out to Keyrock for comment, but had not received a response by publication.