Keyrock

TLDR

Keyrock is a Brussels-based digital asset market maker founded in 2017, valued at $1.1B after its Series C, making it Belgium's 8th Unicorn.

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.

Key People

• Kevin de Patoul - Co-founder

Funding History

• Keyrock Series B 2022 - $72M Series B (2022), led by Ripple and SIX Fintech Ventures
• Keyrock Series C 2026 - Series C at $1.1B valuation (2026), led by SC Ventures and Ripple