Brussels-based digital asset market maker Keylock has reached a valuation of $1.1 billion after securing Sequence C funding led by Customary Chartered Financial institution’s enterprise arm SC Ventures and Ripple, based on an announcement on Tuesday.
This funding will allow the corporate to increase its companies, pursue acquisitions and strengthen its place within the institutional grade digital asset market.
Keylock CEO Kevin de Patour mentioned in an announcement that the most recent funding spherical displays the corporate’s forward-looking technique.
Following the launch of Keyrock Asset & Wealth Administration final 12 months, the corporate is now centered on increasing its companies, buyer base and geographic attain in 2026 to strengthen its market place, he mentioned.
“Our funding in Keyrock displays our perception that refined liquidity infrastructure is prime to the evolution of digital asset markets,” mentioned Alex Manson, CEO of SC Ventures. “As tokenized property increase, we imagine full-service suppliers like Keyrock will play an vital function in SC Ventures’ digital asset ventures.”
Keyrock operates globally from 85 centralized and decentralized venues, offering complete options throughout asset administration, buying and selling and market making for each conventional and tokenized monetary contributors.
Ripple and Keylock have been companions for a few years, with Keylock offering liquidity options to Ripple since round 2019.
In 2022, the crypto startup raised $72 million in Sequence B funding from buyers together with Ripple, SIX Fintech Ventures, and Middlegame Ventures to assist its subsequent stage of development.
