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Deutsche Bank has partnered with crypto-native market maker Keyrock to enhance its global services, as announced on October 14.
Through this partnership, Deutsche Bank will offer Keyrock multi-currency accounts and foreign exchange services, facilitating the company’s growth in regions including EMEA, APAC, and LATAM.
Kilian Thalhammer, Deutsche Bank’s Global Head of Merchant Solutions, stated:
Supporting Brussels-based Keyrock as a leading digital asset liquidity specialist in Europe is part of our commitment to fostering technological and fintech innovation.
By consolidating its services under Deutsche Bank, Keyrock aims to minimize counterparty and settlement risks by utilizing multi-currency accounts capable of handling over 10 different currencies.
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Founded in 2017, Keyrock offers market-making and over-the-counter trading for over 100 currency pairs, operating across 400 markets. With Deutsche Bank’s infrastructure, Keyrock will benefit from near-instant settlements and optimized foreign exchange transactions.
Keyrock, established by CEO Kevin de Patoul, CTO Jeremy de Groodt, and CSO Juan David Mendieta, uses proprietary algorithms to create scalable liquidity solutions for marketplaces and asset issuers.
This partnership highlights Deutsche Bank’s increasing involvement in the cryptocurrency space, with previous ventures including support for digital asset infrastructure provider Taurus and services for the crypto exchange Bitpanda. The bank has also explored blockchain technology for asset tokenization and interbank settlements.
Keyrock’s CEO Kevin de Patoul emphasized the importance of the collaboration, stating, “Working with Deutsche Bank allows us to collaborate with one of the most respected institutions in global finance, positioning us to deliver more value and efficiency in digital asset markets.”