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Keyrock Acquires Turing Capital for $27.8 Million, Expands into Asset Management and Wealth Management
Summary: According to reports, cryptocurrency trading infrastructure provider Keyrock has announced the acquisition of Luxembourg-based alternative investment fund management company Turing Capital for $27.8 million, and has officially launched an asset and wealth management division. Turing Capital CEO and co-founder Jorge Schnura will be responsible for Keyrock's on-chain wealth management business and will join the company's ...
According to reports, cryptocurrency trading infrastructure provider Keyrock has announced the acquisition of Luxembourg-based alternative investment fund management company Turing Capital for $27.8 million, and has officially launched an asset and wealth management division. Turing Capital CEO and co-founder Jorge Schnura will be responsible for Keyrock's on-chain wealth management business and will join the company's executive committee.
Keyrock CEO Kevin de Patoul stated that this move will help the company better serve institutional clients with a full range of services from liquidity to long-term investment strategies. Keyrock is also applying for regulatory approval in Liechtenstein to expand its cryptocurrency portfolio management and consulting business. As a market maker based in Brussels, Keyrock provides liquidity services to over 85 centralized and decentralized trading platforms globally, and completed a $72 million Series B funding round led by Ripple in 2022. (The Block)
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Link: Keyrock Acquires Turing Capital for $27.8 Million, Expands into Asset Management and Wealth Management [Copy]
