Ripple, SC Ventures back Keyrock as it hits unicorn status

Brussels-based digital asset market maker Keyrock has reached a $1.1 billion valuation after securing series C funding led by SC Ventures, Standard Chartered Bank’s venture arm, alongside Ripple, according to a Tuesday statement.

The investment will allow the company to scale its services, pursue acquisitions, and reinforce its position in institutional-grade digital asset markets.

Keyrock CEO Kevin de Patoul said in a statement that the latest funding round reflects the company’s forward-looking strategy.

Following the launch of Keyrock Asset & Wealth Management last year, the firm is now focused on expanding its services, client base, and geographic reach in 2026 to strengthen its market position, he noted.

“Our investment in Keyrock reflects our conviction that sophisticated liquidity infrastructure is foundational to the evolution of digital asset markets,” said Alex Manson, SC Ventures’ CEO. “As tokenized assets scale, we believe full-service providers, like Keyrock, will play an important role for SC Ventures’ digital asset ventures.”

Operating globally across 85 centralized and decentralized venues, Keyrock provides comprehensive solutions spanning asset management, trading, and market-making for both traditional and tokenized finance participants.

Ripple and Keyrock have been partners for years, with Keyrock providing liquidity solutions to Ripple since around 2019.

In 2022, the crypto startup raised $72 million in Series B funding from investors including Ripple, SIX Fintech Ventures, and Middlegame Ventures to support its next phase of growth.