Keyrock Hits $1.1B Valuation Securing Open Series C
Keyrock hits valuation securing open series C funding, reaching $1.1 billion. The company's growth is a significant milestone in the crypto market.
Keyrock's Series C Funding
Keyrock closed a Series C round led by SC Ventures of Standard Chartered, with Ripple participating as a key investor. The round could total $100 million when it closes definitively.
Market Maker and Liquidity Infrastructure
Keyrock operates as a market maker on 85 centralized and decentralized platforms, offering asset management, OTC trading, and options services. Alex Manson, CEO of SC Ventures, noted that sophisticated liquidity infrastructure is fundamental to the evolution of digital asset markets.
Service Expansion and New Client Acquisition
Kevin de Patoul, CEO of Keyrock, stated that the funds will be used to strengthen the company's balance sheet, expand its services, and explore new acquisitions. Keyrock aims to expand its client base and geographical reach, with its New York office serving as a base platform.
Key Takeaways
- Keyrock reaches a valuation of $1.1 billion after securing Series C funding.
- The company operates on 85 crypto platforms and has around 220 employees across 37 countries.
- Keyrock plans to expand its services and explore new acquisitions, with a focus on the US market.
- The company's growth is a significant milestone in the crypto market, despite a sharp contraction in venture funding.
Frequently Asked Questions
What is Keyrock's valuation after securing Series C funding?
Keyrock's valuation is $1.1 billion after securing Series C funding led by SC Ventures.
Who participated in Keyrock's Series C funding round?
Ripple participated in Keyrock's Series C funding round, along with SC Ventures of Standard Chartered.
Keyrock's Future Plans
Keyrock plans to use the funds to strengthen its balance sheet, expand its services, and explore new acquisitions. The company aims to expand its client base and geographical reach, with a focus on the US market. Keyrock's growth is a significant milestone in the crypto market, despite a sharp contraction in venture funding. The company's success is a testament to the importance of liquidity infrastructure and market making in the digital asset space.
