Ripple leads $72 million round into crypto market maker Keyrock
Crypto payments company Ripple has led a $72 million Series B funding round into digital asset market maker Keyrock. Ripple has also been a key client for the firm for the last three years. a service proposition and expand options and over-the-counter operations.
Venture firms Six Fintech Ventures and Middlegame Ventures also participated in the round, which closed mid-September. Keyrock CEO Kevin de Patoul declined to share the valuation but said in an interview with The Block it was a significant lift in valuation — the firm last raised €4.3 million in Series A funding in October 2020. This means providing liquidity to markets that are yet to reach trading volumes sufficient to drive revenue for the market maker.
Source
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