Keyrock, a digital asset services firm, has bought the trading and brokerage assets of BlockFills’ institutional crypto business. This move strengthens Keyrock’s position in the growing institutional crypto market.
The deal brings BlockFills’ clients, trading technology, and derivatives expertise to Keyrock, and expands its regulatory presence in more regions. It also adds experienced industry leaders and supports Keyrock’s goal to become a top provider of institutional digital asset trading services.
Yesterday we announced the acquisition of BlockFills’ institutional trading & brokerage assets, adding brokerage depth, stronger derivatives & client-facing execution to the platform we’ve built since 2017.
Welcome, BlockFills team. Expect more.https://t.co/cyuN7MkUIL
— Keyrock 🔑🪨 (@keyrock) July 17, 2026
Earlier this year, reports said Brussels-based Keyrock was in talks to buy the Chicago-based crypto trading and lending firm. Bankruptcy filings show that Keyrock agreed to pay $3.25 million for most of BlockFills’ assets, and will also take on some liabilities, customer relationships, proprietary technology, and certain equity interests.
Now that the deal is done, Keyrock has expanded its services for institutional clients. The company already offers market making, OTC trading, options, credit solutions, on-chain services, and digital asset management. By adding BlockFills’ trading capabilities, Keyrock is even stronger in the fast-growing institutional crypto sector.
The deal also boosts Keyrock’s regulatory reach. It now has access to a Cayman Islands Monetary Authority (CIMA)-registered entity and is working to acquire a Financial Conduct Authority (FCA)-authorised entity in the UK, pending approval. These steps are expected to help Keyrock expand internationally.
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