Crypto Market Maker Keyrock Closes $72m Funding

Funds will be used for regulatory licensing in Singapore, the US, and Europe.

Keyrock, a crypto market maker company, has successfully closed the Series B funding round led by popular digital assets investors, including SIX Fintech Ventures, Ripple, and Middlegame Venture.

According to the announcement published on 30 November 2022, the digital market company funded in 2017 will use the raised capital to develop its infrastructure further and obtain regulatory licensing across the United States, Europe, and Singapore.

“In the last five years, we have focused strongly on doing things with a long-term perspective and haven’t taken any shortcuts. Due to this focus, we now have a highly robust foundation. The new round of funding allows us to expand on that and dramatically accelerate executing our vision to provide liquidity solutions for all digital assets. By doubling down on our focus on clients and scalability, we will be looking to expand into new markets with targeted services,” Kevin de Patoul, the CEO of Keyrock, commented.

After more than five years since its inception, Keyrock has become a liquidity partner for almost 100 trading venues globally. During 2021, the company was able to cover 200 new unique markets, increasing its overall trading volumes threefold, while the overall market contracted by 50%.