Overview

Keyrock provides liquidity solutions for digital asset markets by using algorithmic trading and market making on both centralized and decentralized exchanges. Its tech places buy and sell orders automatically to tighten spreads and improve market liquidity, serving B2B clients such as crypto exchanges and blockchain projects. The system works by running proprietary algorithms that continuously quote prices and trade sizes, aiming to offer the best prices while minimizing market impact. Keyrock differentiates itself by operating across multiple venue types (CEXs and DEXs) and focusing on liquidity provision for its clients rather than just executing trades for themselves, enabling partners to run more efficient, better-funded markets. The company’s goal is to enable more liquid and efficient digital asset markets and to generate revenue by charging fees based on trading volume or assets under management, reflecting the value it adds to client ecosystems.

Simplify's Take

What believers are saying

• Series C funding from SC Ventures values Keyrock at $1.1B as of 2026.
• Grown from 3 to 170+ employees since 2017 across 36 countries.
• Launched US entity in 2026 to expand global digital asset services.

What critics are saying

• Wintermute captures Keyrock's institutional clients on 100+ exchanges within 6-12 months.
• SEC enforces against wash trading, suspending Keyrock on Binance and slashing 40% volume in 3-9 months.
• Ripple launches in-house market making for XRP partners, reclaiming clients in 6-12 months.

What makes Keyrock unique

• Keyrock integrates market making, OTC, options, and asset management across 80+ exchanges.
• Acquired Fija Finance in 2026 to add DeFi yield vaults via smart contracts.
• Acquired Turing Capital for $27.8M, launching institutional asset management division.

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Funding

Total Funding

$77.7M

Above

Industry Average

Funded Over

3 Rounds

$72,000,000

Series B

Nov 2022

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Above Average

Industry standards

Ind Avg. $35M

$4M

$30M

$45M

$65M

$72M

$100M

View all funding stages