# Keyrock

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/keyrock-s-a

- Industry: Financial Services
- Headquarters: Brussels, Belgium
- Website: www.keyrock.eu
- Total disclosed funding: $35M
- Latest round: Series C (Mar 31, 2026)
- Investors on record: 7

## About

Keyrock S.A., based in Brussels, Belgium, is focused on enhancing the digital asset ecosystem by providing tailored liquidity solutions, including market making and OTC trading, ensuring efficient trading experiences for institutional clients and market participants.Founded in 2017 and headquartered in Brussels, Belgium, Keyrock S.A. specializes in liquidity solutions for digital assets. The company was co-founded by Jeremy De Groodt, Juan Villegas, and Kevin de Patoul, who currently serves as CEO. Keyrock has completed three deals, with its most recent funding round, a Series B, raising USD 72.00 mn on September 15, 2022, led by Ripple and including investors like MiddleGame Ventures and SIX Fintech Ventures. The total amount raised by the company to date stands at USD 72.00 mn.Keyrock specializes in providing tailored liquidity solutions that enhance the digital asset ecosystem. Their primary offerings include market making, OTC trading, an options desk, treasury solutions, and NFT liquidity management. Keyrock's services utilize advanced algorithms to optimize liquidity, ensuring fairer pricing across major exchanges while catering to trades of various sizes and a wide range of assets. The company aims to facilitate smoother and more efficient trading experiences for institutional clients, foundations, and other market participants in both centralized and decentralized venues. Keyrock primarily serves clients located in the European Union, the United Kingdom, and Switzerland, but its services extend to a global client base, thanks to a network of over 170 experts across 36 countries.Keyrock generates revenue through its comprehensive liquidity solutions that include market making and proprietary trading services. Clients engage in transactions that typically involve direct partnerships, where institutions receive highly competitive quotes based on Keyrock’s deep liquidity pool. These transactions can encompass varying structures, including B2B interactions and tailored arrangements for institutional clients seeking to optimize their asset management strategies. While specific pricing plans for individual services are not disclosed, the company's offerings are designed to address a range of financial goals such as capital preservation and asset diversification, aligning with the needs of its diverse client base within the rapidly evolving digital asset market. The company's EBITDA for the most recent year, 2022, was reported at USD 766,197.20. In March 2026, Keyrock S.A. raised an undisclosed amount of series C funding led by new investor SC Ventures, with participation from returning investor Ripple. The company will use the March 2026 funding to support its growth and product innovation initiatives.

## Funding rounds

- Series C, Mar 31, 2026 — Ripple, SC Ventures
- Series B, Oct 14, 2022, $29M — Ripple, MiddleGame Ventures, SIX Fintech Ventures
- Series A, Nov 2, 2020, $5M — Volta Ventures, TNN Capital, MiddleGame Ventures, Seeder Fund, SIX Fintech Ventures
- Seed, Mar 30, 2018, $1M — Volta Ventures, TNN Capital, Seeder Fund

## Investors

- Volta Ventures (https://capitalatlas.ai/funds/volta-ventures) — Seed, Series A
- TNN Capital — Seed, Series A
- Seeder Fund (https://capitalatlas.ai/funds/seeder-fund) — Seed, Series A
- MiddleGame Ventures (https://capitalatlas.ai/funds/middlegame-ventures) — Series A, Series B
- SIX Fintech Ventures (https://capitalatlas.ai/funds/six-fintech-ventures) — Series A, Series B
- Ripple — Series B, Series C
- SC Ventures — Series C