Crypto market maker Keyrock raises $72 million

Aiming is to increase the liquidity of financial assets and to make markets accessible and more efficient for all, Belgium's Keyrock plans to further develop its offer and seek regulatory licences across Europe, the US, and Singapore
Crypto market maker Keyrock raises $72 million

Brussels-based fintech Keyrock has raised $72 million in a Series B funding round that will see the digital asset market maker further develop its infrastructure and scalability tools, and perhaps most crucially, seek regulatory licenses across Europe, the US, and Singapore.

The $72 million in funding was provided by Ripple, SIX Fintech Ventures, and Middlegame Ventures.

Keyrock has built a blockchain infrastructure and system that provides liquidity to markets with a low marginal cost. The platform, which started on crypto assets and has moved to include digital assets, is connected to over 85 trading venues across the globe. According to the company has seen 3x growth in terms of trading volume while the overall market has shrunk by 50%.

“In the last five years we have focused strongly on doing things with a long-term perspective and haven’t taken any shortcuts. Due to this focus, we now have a highly robust foundation. The new round of funding allows us to expand on that and dramatically accelerate executing our vision to provide liquidity solutions for all digital assets,” commented Keyrock CEO Kevin de Patoul. “By doubling down on our focus on clients and scalability, we will be looking to expand into new markets with targeted services.”

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