Keyrock Hits $1.1B Valuation After Series C Round Led by SC Ventures and Ripple

TLDR:

• Keyrock achieved a $1.1 billion valuation, becoming the first crypto unicorn based in Belgium.

• SC Ventures led the Series C round, with Ripple participating as a key strategic investor.

• The rolling close structure means the round could reach $100 million with additional investors joining.

• Keyrock plans to use the funds to expand services, grow its client base, and pursue acquisitions.

Keyrock, a Brussels-based digital asset market maker, has secured Series C funding, reaching a $1.1 billion valuation. SC Ventures, the venture arm of Standard Chartered, led the round.

Ripple, a blockchain solutions provider, also participated. The raise marks a rolling close, meaning more investors may still join.

Keyrock plans to use the capital to grow its balance sheet, expand services, and pursue acquisitions. The company now stands as Belgium’s first crypto unicorn.

Keyrock’s Milestone Funding Round

SC Ventures led the Series C round, with Ripple joining as a notable participant. The round remains open and could reach up to $100 million in total.

This structure gives Keyrock flexibility to bring in additional investors as it grows. The funding reflects growing institutional confidence in digital asset infrastructure.

Keyrock announced the raise on March 31, 2026, after nine years in operation. The company now employs over 220 team members across its global operations. It marked the occasion on social media, capturing the scale of the moment.

Kevin de Patoul, Keyrock’s CEO, spoke directly about the company’s ambitions. He said, “Our latest funding round is a signal of intent for the future.”

In 2025, Keyrock launched its Asset & Wealth Management division. In 2026, the focus shifts to expanding its client base and geographic reach.

What the Funding Means for Keyrock’s Services

Keyrock today operates as a neo investment group built for digital asset markets. It currently offers market making, asset management, OTC, and options trading services.

These offerings bridge the gap between traditional finance and the tokenized economy. The company positions itself as a full-service provider for institutional clients.

Alex Manson, CEO of SC Ventures, shared his perspective on the investment decision. He stated, “Our investment in Keyrock reflects our conviction that sophisticated liquidity infrastructure is foundational to the evolution of digital asset markets.”

He added that as tokenized assets scale, full-service providers like Keyrock will play an important role. SC Ventures views Keyrock as central to its digital asset ventures going forward.

The funding also supports Keyrock’s acquisition strategy going forward. The company plans to identify and pursue deals that align with its growth goals.

This adds another dimension to its expansion beyond organic service growth. It also strengthens Keyrock’s competitive position in a maturing market.

Keyrock’s rise to unicorn status places Belgium firmly on the digital asset investment map. The company’s trajectory, from a market maker to a full neo investment group, shows steady expansion. With fresh capital in place, Keyrock appears set for its next phase of growth.

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