Keyrock
Unicorn · $1.1B3 known investors
Brussels-founded digital asset investment group providing market making, OTC, options trading and asset management.
Also known as Keyrock Group
Investors · 3
Funding
SEC filings, press & company announcements- Undisclosed amountSeries CApr 2026Source ↗
- Undisclosed amountSeries CMar 2026 · 3 sources
SC Ventures (lead)
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Keyrock is a Brussels-founded digital asset investment group, describing itself as a "neo investment group built for digital assets," that provides liquidity and financial services across centralised and decentralised venues. Its core activities span market making, options and OTC trading, DEX liquidity provision, asset and wealth management, ecosystem solutions for token projects, and proprietary market research.
The company was incorporated in 2017 alongside a beta version of its market making algorithms, releasing V1 algorithms in 2018 and V2 in 2021. In 2023 it opened an OTC and options desk. In September 2025 it launched a dedicated Asset and Wealth Management division following the acquisition of Luxembourg-registered alternative investment fund manager Turing Capital; the division offers quant-led strategies including an Absolute Alpha fund targeting zero beta and price divergence across assets, and a Smart Beta fund providing algorithmic long exposure to crypto with managed volatility.
Keyrock states it is active across 85 centralised and decentralised venues worldwide, with a team of 220+ operating across 36-37 countries and hubs in the EU, UK, Switzerland, Brazil, the US and Seychelles, including offices in Brussels, London, Zug, Paris and New York.
Founding story
Keyrock was founded in Brussels in 2017 by Kevin de Patoul (CEO), Jeremy de Groodt (CTO) and Juan David Mendieta (CSO). De Patoul had previously worked as a strategy consultant at Roland Berger, de Groodt led software development teams building secure applications for European institutions and the banking sector, and Mendieta worked in strategic consulting for the banking industry and on central banking supply models.
Business model
Keyrock earns from trading and liquidity services for digital asset issuers, institutions and corporations - market making across centralised and decentralised venues, OTC and options trading, and DEX liquidity - alongside an asset and wealth management division running quantitative fund strategies for institutional clients and private investors.
Revenue derives from digital asset trading and liquidity services (market making, OTC, options, DEX liquidity) and from asset management fund strategies offered to institutional and private investors.
Traction
The company reports a 220-strong team across 37 countries, activity on 85+ centralised and decentralised venues and more than 1,400 markets, and technology that processes billions of dollars for clients. Team growth is described as 100+ in 2022, 170+ in 2023, 190 in September 2025 and 220+ in 2026.
Latest developments
In March 2026 Keyrock announced Series C funding led by SC Ventures, the venture arm of Standard Chartered, with continued participation from Ripple, valuing the company at $1.1 billion; the round was a rolling close, with proceeds directed to strengthening the balance sheet, service innovation and further acquisitions. The company also reports the 2026 acquisition of Fija Finance to expand onchain reach and team growth to 220+.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Keyrock positions itself as a leading full-service digital asset liquidity and investment group, valued at $1.1 billion at its 2026 Series C, active on 85+ exchanges and venues and, per company statements, 1,400 markets.
Keyrock emphasises breadth of services under one group - market making, OTC, options, research and asset management - combined with quantitative, algorithm-led execution, regulatory footprint across multiple European and U.S. entities (including a MiCA filing with Liechtenstein's FMA for portfolio management and advisory), and a stated long-term orientation since 2017.
Technology
Keyrock runs proprietary market making algorithms, first built in beta in 2017 with V1 released in 2018 and V2 in 2021, plus quantitative trading strategies and execution infrastructure connecting centralised and decentralised venues. Engineering roles cited include Rust-based trading and high-frequency trading systems.
Go-to-market
Keyrock sells directly to institutional and corporate clients and token projects through its commercial and sales organisation, supported by regional entities (including a U.S. entity opened in March 2025 at the Digital Asset Summit in New York), published research and market insights, and partnerships with industry players.
Institutions, corporations, traditional financial firms entering digital assets, token issuers and foundations, Web3 startups and DeFi ecosystems, plus private investors for its asset and wealth management strategies.
Geography
Headquartered in Brussels with hubs in the EU, UK, Switzerland, Brazil, the US and Seychelles, and offices listed in Brussels, London, Zug, Paris and New York. The group holds entities in Belgium, the UK, Switzerland, Liechtenstein, France and the U.S., with staff distributed across 36-37 countries.
History
Keyrock was incorporated in 2017 in Brussels, when it built the beta of its market making algorithms. A seed round from Volta Ventures followed in 2018 with the release of V1 algorithms; a Series A from SIX, Middlegame and Volta Ventures came in 2021 with V2 algorithms; and a Series B from Ripple, Middlegame and Volta Ventures in 2022, when the team passed 100 members. The OTC and options desk opened in 2023, with the team reaching 170+. A U.S. entity launched in New York in March 2025, and in September 2025 Keyrock acquired Turing Capital to form its Asset and Wealth Management division. In 2026 the company raised Series C funding from SC Ventures and Ripple, acquired Fija Finance to extend its onchain reach, and grew to 220+ members.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 6
launches, deals, and filingsKeyrock secured Series C funding led by SC Ventures, Standard Chartered's venture building and investment arm, with continued participation from Ripple, valuing the company at $1.1 billion. The round was a rolling close, with capital used to strengthen the balance sheet, innovate services and pursue acquisitions.
Keyrock acquired Turing Capital, a Luxembourg-registered alternative investment fund manager, forming its Asset and Wealth Management division led by Turing Capital co-founder Jorge Schnura as President.
Keyrock Group proposed expanding activities to crypto portfolio management and advisory services via a MiCA regulatory filing with the FMA in Liechtenstein, under regulatory review.
Keyrock announced the launch of its U.S. entity at the Digital Asset Summit in New York, with CCO Robert Valdes-Rodriguez leading the New York office and local team.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Keyrockkeyrock.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Keyrock do?
- Brussels-founded digital asset investment group providing market making, OTC, options trading and asset management.
- Who are Keyrock's investors?
- Keyrock's investors include SC Ventures, Volta Ventures, Ripple.