Ripple endorsed Keyrock Partners with Deutsche Bank for Crypto Boost

Keyrock, a leading crypto market maker and liquidity provider backed by Ripple, through a press release has announced a strategic partnership with Deutsche Bank to boost its payment and foreign exchange operations.

🌍 New milestone:

We’ve partnered with Deutsche Bank, worldwide financial leader, to advance global digital asset operations. Through this collaboration, we expand our ability to optimise fiat currency management. pic.twitter.com/1D6AlLDypo

— Keyrock 🔑🪨 (@KeyrockTrading) October 14, 2024

Keyrock’s Strategic Move to Deepen Institutional Ties

This strategic collaboration leverages Deutsche Bank’s institutional grade infrastructure to support the crypto market maker’s digital asset market-making operations and OTC activity. It will also benefit from multicurrency accounts in over ten currencies, integrated FX services, and access to over 100 currency pairs. This enables the company to execute FX spot trades with near-instant settlement, optimizing fiat currency handling.

“This partnership is a significant step forward for Keyrock. Working with Deutsche Bank allows us to collaborate with one of the most respected institutions in global finance. Their industry expertise, infrastructure, and commitment to innovation make them the ideal partner. Together, we are well-positioned to provide greater value and efficiency in global digital asset markets.”-Kevin de Patoul, CEO of Keyrock

The partnership reduces counterparty and settlement risks by consolidating services with a single provider. The crypto market maker’s 170-strong team will utilize Deutsche Bank’s global network, strengthening its position as a leading digital asset liquidity specialist in Europe.

“Providing our services to Brussels-based Keyrock as one of the leading digital asset liquidity specialists in Europe aligns with our dedicated commitment to supporting tech and fintech innovation. We look forward to working closely with Keyrock to enable cross-currency management and transactional FX services, thereby shaping a still emerging digital asset industry.” – Kilian Thalhammer, Global Head of Merchant Solutions at Deutsche Bank

This collaboration marks a significant milestone in the convergence of traditional finance and digital assets. As the digital asset industry continues to evolve, the crypto market maker and Deutsche Bank are ready to drive innovation and efficiency in global markets.

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