Belgium-headquartered crypto startup Keyrock hits unicorn status, says valuation quadrupled
Belgium-based Keyrock, a digital asset services firm, has achieved unicorn status with a valuation of $1.1 billion following a significant Series C funding round. This milestone, a quadrupling of its previous valuation, underscores the growing maturity and investor confidence in European digital asset infrastructure. Keyrock's success signals a positive trend for the region's ability to foster global players in specialized fintech sectors. The company, founded in 2017, offers crucial services such as market making, asset management, and options trading, effectively bridging the gap between the cryptocurrency industry and traditional finance. This latest funding round, led by SC Ventures and supported by existing investor Ripple, could reach up to $100 million and will be instrumental in strengthening Keyrock's financial position and driving innovation. The firm's strategic use of these funds includes seeking potential acquisitions to further expand its market presence. This development is particularly significant for European digital sovereignty, demonstrating that European companies can achieve substantial scale and global recognition in highly competitive technology sectors. Keyrock's expansion plans, including growth in services, client base, and geographic reach by 2026, highlight a commitment to solidifying its position as a key player in the digital asset landscape. The firm’s trajectory offers a promising example of European technological ambition and execution.
Curated and translated by Europe Digital for our multilingual European audience.
Source Information
European Alternatives You Might Like
Mangopay
Mangopay is a payment infrastructure provider specializing in payments for marketplaces and platforms. It offers virtual wallet technology for managing funds, enabling features such as split payments, multi-currency support, and KYC/AML compliance. Key functionalities include automated payouts, transaction monitoring, and customizable payment flows. This service is primarily aimed at businesses that manage marketplaces, crowdfunding platforms, and sharing economy models and require complex payment solutions. Mangopay distinguishes itself by offering a flexible and scalable payment solution specifically designed for platform-based business models, allowing them to control cash flows and streamline payment processes.
Scaleway
Scaleway is a European cloud computing provider offering a range of services, including servers, storage, and networking solutions. Key features include bare metal servers, virtual machines, object storage, and managed Kubernetes. It's suitable for developers, startups, and businesses seeking cloud infrastructure for web applications, data storage, and various other workloads. Scaleway distinguishes itself through competitive pricing and a focus on European data sovereignty, with data centers in France and the Netherlands.