Keyrock secures Series C funding with participation from Ripple

Digital asset services firm Keyrock has been valued at $1.1 billion in a Series C funding round, CoinDesk reported. The round was led by SC Ventures, with existing investor Ripple (XRP) also participating. The company plans to use the funds to strengthen its financial structure and pursue mergers and acquisitions (M&A). Keyrock provides market-making, asset management, over-the-counter trading, and options services.