Crypto market maker Keyrock has reached unicorn status after completing a Series C funding round at a valuation of $1.1bn.
Crypto Market Maker Keyrock Hits $1.1bn Valuation After Series C Investment Round
31 March 2026 - 21:00 CEST
The round was led by SC Ventures, the investment arm of Standard Chartered, a bank, with additional participation from privacy-focused payments network Ripple. The amount raised wasn't disclosed.
Liquidity provision explained
Keyrock provides liquidity to crypto exchanges and token issuers. The firm aims to help maintain orderly markets by ensuring there is sufficient capital on both sides of the order book. This in turn is intended to reduce the risk of price manipulation due to thin liquidity, a common issue in crypto trading, especially for newer or less liquid tokens.
TradFi backs crypto infrastructure
The investment from SC Ventures reflects growing interest from TradFi institutions in supporting the broader crypto ecosystem, beyond just tokenization platforms.
"Our investment in Keyrock reflects our conviction that sophisticated liquidity infrastructure is foundational to the evolution of digital asset markets," said Alex Manson, CEO of SC Ventures, in a press release. "As tokenized assets scale, we believe full-service providers like Keyrock will play an important role."
Keyrock was founded in 2017 and has grown into one of the more established market-making firms in the crypto sector. It operates across multiple exchanges and supports both spot and derivatives liquidity. The term 'unicorn' refers to young, privately held companies that reach a valuation of more than $1 billion.
The funding comes as the crypto industry continues to attract institutional capital into infrastructure plays that support trading, settlement and market efficiency.
