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Keyrock Expands Global Services Through Deutsche Bank Collaboration

source-logo  cryptonewsland.com 14 October 2024 18:15, UTC
  • Keyrock will streamline operations with Deutsche Bank’s multi-currency accounts, offering solutions in over 10 currencies to reduce risks.
  • Deutsche Bank’s support enables near-instant settlements for Keyrock’s FX spot trades, improving operational efficiency globally.
  • Keyrock’s partnership with Deutsche Bank strengthens its position in the digital asset market, enhancing liquidity across the EMEA, APAC, and LATAM regions.

Belgian digital-asset liquidity provider Keyrock announced it has made Deutsche Bank its strategic cooperation partner to go global. Such partnership will help the company to expand operations throughout the EMEA, APAC, and LATAM territories.

Through the partnership with local funding from Deutsche Bank, Keyrock intends to optimize financial processes through the opening of multi-currency accounts, thus offering solutions in cross-checking over ten currencies and enhanced hard currency management.

🌍 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

Decos Improves Settlement Times with Deutsche Bank

Keyrock to benefit from getting institutional-level support from Deutsche Bank that will further facilitate quick and easy settlements. Keyrock will also use Deutsche Bank’s multi-currency accounts to centralize its services thus reducing counterparty and settlement risks and enhancing its capacity to provide liquidity in different markets.

This is a major landmark for Keyrock as the company strives to become a key player in the international digital asset industry. By leveraging Deutsche Bank’s resources, Keyrock will benefit from near-instant settlement times for FX spot trades, further improving its operational efficiency.

The company’s advanced algorithms, which provide adaptable liquidity solutions, will now be supported by Deutsche Bank’s infrastructure. This partnership ensures that Keyrock’s operations across various global markets will be more seamless and efficient, enhancing its ability to serve marketplaces and asset issuers.

Keyrock’s Path to Growth

Keyrock liquidity provider started its operation in 2017 and achieved a considerable success by obtaining over 85 trading sites liquidity. Thanks to the support of Deutsche Bank, Keyrock is set for further expansion. The firm has just closed its $72m Series B financing round and has been granted a license to become a financial intermediary in Switzerland. Thereby, this collaboration with Deutsche Bank increases Keyrock’s market foothold in the digital asset industry: faster settlement of transactions and more secure foreign exchange services for clients.

cryptonewsland.com