Standard Chartered’s venture arm led the round as Keyrock looks to expand products, pursue acquisitions and scale its global footprint.
Crypto market maker Keyrock secured Series C funding at a $1.1 billion valuation in a round led by SC Ventures, the venture building and investment arm of Standard Chartered.
In a Tuesday announcement, the Brussels-based company said the new capital will be used to strengthen its balance sheet, expand its product offering and pursue acquisitions as it scales its global footprint. Existing investor Ripple also participated in the round.
“Our latest funding round is a signal of intent for the future,” CEO Kevin de Patoul said, pointing to plans to grow market share and extend geographic reach following the launch of its asset and wealth management unit last year.
