Encryption trader Keyrock acquires Turing Capital for $27.8 million, entering the asset and wealth management sector.

On September 16, crypto asset trading infrastructure provider Keyrock announced the acquisition of Turing Capital for $27.8 million and officially launched its asset and wealth management division. Keyrock CEO Kevin de Patoul stated in a release: "We are proud to officially launch Keyrock's asset and wealth management business and welcome the Turing Capital team. This expansion allows us to better serve our institutional partners and meet the full range of needs in digital assets, from liquidity provision to long-term investment strategies." The announcement stated that Turing Capital is an alternative investment fund management company registered in Luxembourg, focusing on "crypto-native investment strategies." This acquisition will help enrich Keyrock's asset management division and further expand its investment products for institutional clients and private investors. As institutional investors increasingly demand on-chain assets such as tokenized stocks, Keyrock is also expanding its influence in the U.S. and decentralized finance sectors. Wealth management is a natural complement to Keyrock's existing OTC trading and options trading businesses, providing large-scale trading services for institutional clients, high-net-worth individuals, and other market participants.