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Cryptocurrency investment firm Keyrock completes Series C funding led by SC Ventures
Golden Finance reports that on March 31, Belgian digital asset services company Keyrock completed a Series C funding round led by SC Ventures, a subsidiary of Standard Chartered Bank, with a valuation of $1.1 billion. Ripple participated as an existing investor. This round of financing is still open, with a total amount of up to $100 million. The new funds will be used to strengthen the balance sheet, expand the service product lines, and pursue acquisition opportunities.
Keyrock was founded in 2017 and provides market making, asset management, over-the-counter trading, and options services. Its business covers more than 80 centralized and decentralized trading platforms, with more than 200 employees worldwide. Last September, the company expanded its asset and wealth management business by acquiring Turing Capital.