Keyrock, a digital asset firm, acquired the trading and brokerage assets of BlockFills’ institutional digital asset business, strengthening its push into institutional crypto markets, the company said in a press release Thursday.
The completed transaction adds BlockFills’ customer relations, trading technology and derivatives expertise to Brussels-based Keyrock’s existing businesses spanning market making, over-the-counter (OTC) trading, options, credit, onchain services and asset management.
CoinDesk reported in June that Keyrock was in the process of acquiring Chicago-based crypto trading and lending firm Blockfills. According to a bankruptcy filing, Keyrock agreed to pay $3.25 million for substantially all of BlockFills’ assets while assuming certain liabilities, equity interests, customer relationships and proprietary technology.
The acquisition expands Keyrock’s regulatory reach through a CIMA-registered entity in the Cayman Islands and the proposed acquisition of an FCA-authorized entity in the UK, subject to regulatory approval.
The company said the combined platform will offer institutional clients enhanced execution capabilities supported by Keyrock’s balance sheet and regulatory infrastructure.
