Ripple, SC Ventures back Keyrock as it reaches 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 along with Ripple, according to a statement on Tuesday.

The investment will allow the company to grow its services, pursue acquisitions and strengthen its position in the institutional digital asset market.

Keyrock CEO Kevin de Patol 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 company is now focusing on strengthening its market position by expanding its services, customer base and geographic reach in 2026.

Alex Manson, CEO of SC Ventures, said: “Our investment in Kirock reflects our belief that a sophisticated liquidity infrastructure is fundamental to the evolution of digital asset markets. We believe a full-service provider like Kirock will play an important role for SC Ventures' digital asset ventures.”

Operating globally in 85 centralized and decentralized locations, Kieroc provides comprehensive solutions in asset management, trading and markets for both traditional and alternative financial participants.

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

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