Keyrock Buys BlockFills Trading Assets for $3.25M
The price is small, but the deal ships BlockFills' institutional client book, derivatives team, and CIMA + FCA licenses into Keyrock just as institutional crypto demand picks back up.
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The price is small, but the deal ships BlockFills' institutional client book, derivatives team, and CIMA + FCA licenses into Keyrock just as institutional crypto demand picks back up.
Keyrock picked up BlockFills' institutional trading tech, client book, and regulatory licenses for a fraction of peak valuations, consolidating market-making depth post-crash.
BlockFills carried $100M-$500M in liabilities against $50M-$100M in assets when it filed in March; Keyrock is buying the institutional client book and OTC stack for a fraction of that gap.