Keyrock Secures $72 Million in Series B Funding to Boost Digital Asset Liquidity Solutions

Funding Breakthrough for Keyrock

Digital asset market maker Keyrock just scored a whopping $72 million in a Series B funding round, as revealed on November 30. What’s on the menu this time? Ripple, SIX Fintech Ventures, and Middlegame Ventures decided to spice things up by joining in on the investment action.

Where’s the Money Going?

So, where will all that cash go? Keyrock is eyeing some shiny new infrastructure developments and scalability tools. They’ve also got their eye on regulatory licenses in Europe, the U.S., and Singapore. It looks like they’re aiming for a global takeover one compliant step at a time!

Visionary Leadership

CEO Kevin de Patoul spilled the beans on the company’s long-term strategy. He emphasized their commitment over the past five years to build something great. And guess what? This fresh injection of funds is set to turbocharge their efforts to deliver liquidity solutions for all digital assets. “By doubling down on our focus on clients and scalability, we will be looking to expand into new markets with targeted services,” he announced, probably imagining all the possibilities.

A Short History of Success

Let’s rewind a bit. Founded in 2017 and co-founded by the dynamic trio of Kevin, Jeremy de Groodt, and Juan David Mendieta, Keyrock has been on a liquidity mission. They’ve been providing liquidity to over 85 trading platforms—both decentralized and centralized. And in the last year, they didn’t just sit around; they expanded into 200 new markets, resulting in a jaw-dropping threefold increase in trading volume—even while the overall market seems to be taking a breather.

Industry Praise and Future Goals

Maxime Fages, director of Institutional Markets at Ripple, applauded Keyrock’s achievements. He highlighted their scalable liquidity solutions that have been keeping Ripple on its toes for three years. Keyrock seems to be a beacon of stability in the turbulent waters of the crypto world, especially as they plan to double their workforce, even as many crypto companies shrink their teams amid the bear market.

Conclusion

In a nutshell, Keyrock is on the rise, and with this new funding, they have big ambitions to enhance their offerings and scale up even more. Who knows? With a strategy like theirs, they could become the go-to liquidity provider for digital assets everywhere.