Yesterday digital asset liquidity provider Keyrock announced that it secured €4.3 million ($5 million) in funding to accelerate growth. New investors were Six Fintech Ventures and MiddleGame Ventures, joining existing shareholders investors Volta Ventures, Seeder Fund and TNN Patrimony.
The deal is particularly of note because SIX is advancing its SIX Digital Exchange (SDX), which is expected to launch in early 2021. While SIX didn’t mention the link, Keyrock did. “SIX is at the forefront of incumbent exchanges’ forays in digital assets through its flagship project SDX,” said Keyrock CEO Kevin De Patoul. “Their experience and expertise in building successful exchanges will drastically accelerate our development.”
Brussels based Keyrock describes itself as a technology first, service oriented market-maker. Its website states: “Our Market Making technologies use a complex set of proprietory built algorithms using Machine Learning, Markovian models and high frequency trading principles to execute and deliver 24/7 at the push of a button.”
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