Overview
Founded in 2017 by Kevin de Patoul, Keyrock provides algorithmic market-making, liquidity provisioning, and treasury management services for digital asset markets. The company operates across centralized and decentralized exchanges, serving both token issuers and institutional trading desks.
Keyrock raised a $72M Series B in 2022, led by Ripple and SIX Fintech Ventures, before closing a Series C in March 2026 at a $1.1B valuation, led by Sc Ventures and Ripple. The Series C cemented its Unicorn status and positioned it as one of the leading market makers in the European crypto space.
As Belgium's 8th Unicorn, Keyrock joins Collibra, Deliverect, Odoo, and others at the top of the Belgian startup valuation table.
Media & appearances
- De TijdYouTube22/07 | Uitstekend halfjaar voor Belgische groeibedrijven | Vlaanderen gaat met camera's jagen op...Crypto trading specialist that completed a €100 million funding round, second largest of the half year.
Stated facts & numbers
- Crypto trading specialist Keyrock completed a €100 million funding round. (0:02:33, De Tijd 2026-07-22)
Funding & milestones
3 events found for Keyrock · 2020–2026
Series AVenture / equity1 source€4.3M
Reported amount €4,300,000
€4.3m Series A. Original publication date verified on the company's announcements archive; current About page incorrectly places Series A in 2021.
Series BVenture / equity1 source$72M
Reported amount $72,000,000
Company announcement dated 30 November 2022 reports $72m Series B.
Series CVenture / equityDetailsAmount not disclosed
Source not attached to this recordDeal record
Recorded history so far. Original currencies are preserved; amounts in different currencies are not added together. Debt, grants, acquisitions and listings are separate event types. Undated events appear last.
Profile narrative
- Keyrock Series B 2022 - $72M Series B2022led by Ripple and SIX Fintech Ventures
- Keyrock Series C 2026 - Series C at $1.1B valuation2026led by Sc Ventures and Ripple
Key people
In the news
- Update on the Binance Situation Keyrock is closely monitoring the situation surrounding the recent Binance security incident. Our Security and Trading teams identified the situation at an early stage and have been working around the clock in close coordination with our partners and Binance directly. We remain in close communication with the exchange and continue to follow its updates, including on the timing of the resumption of deposits and withdrawals, which Binance has temporarily suspended for all users while it investigates.
- This year’s offsite took us to Sicily. 🇮🇹 A few days for the whole company to step away from the screens, reconnect in person, and look ahead together — workshops, conversations, and a bit of well-earned time by the sea. Thank you to Mert Cicigun, Gülru Alemdağ, and our HR team for making it happen. Back to work, carrying that Sicily energy with us.
- Last week in Singapore, our CCO Stef Wynendaele dived into "The New Shape of Market Structure" and discussed how market structure shifts as liquidity providers expand into exchanges and ETFs.
- Waarom LinkedIn steeds persoonlijker wordt nu AI het platform overspoeltSelfies, die lang ongepast werden gevonden op een professioneel netwerk, duiken steeds vaker op LinkedIn op. De makers zien ze als een manier om zich te onderscheiden in een feed vol door artificiële intelligentie gegenereerde teksten. Achter die trend schuilt een bredere vraag voor bedrijven, recruiters en media: hoe bewijs je dat er een echte persoon achter content zit wanneer machines tegen lag
Forbes BE Ondernemers · 16 Oct 2026
- Missed our latest report about underwriting digital credit liquidity? We measure the liquidity of the Bitcoin-backed preferreds issued by Strategy and Strive against the bar a collateral asset has to clear. Read the full report: https://lnkd.in/dUu8sJdq
- Delvaux haalt nieuwe CEO bij Cartier om internationale groei te stimulerenSinds de overname door luxegroep Richemont in 2021 had het Belgische luxemerk Delvaux al een licht Zwitsers accent. Vanaf 1 december wordt de mix nog internationaler met de komst van Yanina Novitskaya als CEO van het Brusselse bedrijf. Haar opdracht is de aantrekkingskracht van de producten en de internationale groei van het merk te stimuleren.
L’article Delvaux haalt nieuwe CEO bij Cartier om int
- How liquid is digital credit against the standard a collateral asset has to meet? We assessed the Bitcoin-backed preferreds issued by Strategy and Strive. STRC trades roughly $150m per day, about 15x below the largest Treasury bill ETF. Three findings: - Liquidity is deepest at par and thins sharply as price deviates. A couple of percent below $100, the same size trade moves the price around four times as much. - At its peak, more than a quarter of STRC's weekly volume was Strategy repurchasing its own securities, close to
- Last week at CV Summit, Melchior de Villeneuve, spoke on the panel "Both Sides of the Trade: Building the Rails and Making the Market". He joined Frederic Volpe (Binance) and Juan Lopez Carretero (Stellar Development Foundation), with Emilio Anting (Franklin Templeton) moderating. The conversation covered institutional market infrastructure and the evolution of digital asset trading.
Open roles (7)
- DeFi Quant Trader Intern (Credit)Brussels · Oct 29, 2026
- Innovation Quant Developer: Intern - DeFi/Corporate DevelopmentBrussels · Oct 29, 2026
- DeFi Quant Research Intern - Digital Assets Market MakingBrussels · Oct 28, 2026
- Quantitative Analyst Intern - Digital Assets Market Making (HFT)Brussels · Oct 28, 2026
- Senior Data EngineerBrussels · Oct 27, 2026
- Senior Rust Engineer - High Frequency Trading (HFT)Brussels · Aug 10, 2026
- Rust Engineer - Trading SystemsBrussels · Jul 15, 2026
Alumni 1 went on to found or lead
Jules Van ReemptsQuantitative Trading Intern→Co-Founder at Wintro
Backers
Volta Ventures
Early-stage Belgian VC firm based in Ghent, investing in digital and SaaS companies.
Related profiles
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