European crypto investment firm Keyrock has hit unicorn status, following a new funding round, with its valuation quadrupling from its previous round, it declared today.
The Belgium-based startup, founded in 2017, declared it was now valued at $1.1bn following a “significant” Series C funding round.
The round was led by SC Ventures, the venture arm of Standard Chartered, with support from blockchain firm Ripple, an existing investor. The funding round remains open until June and could total up to $100m, Keyrock declared.
Keyrock is a digital asset services firm, providing services including market building, asset management, and options trading. It positions itself as a conduit between the crypto industest and traditional financial markets.
Keyrock raised a $72m in a Series B funding round in 2022.
Keyrock declared it will utilize the funds to strengthen its balance sheet, innovate across its business, and seek acquisitions.
Kevin Patoul, Keyrock’s CEO, declared: “Our latest funding round is a signal of intent for the future. In 2026, we’re pushing for more growth in our services, client base, and geographic reach, as we see to gain greater market.”
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