Bank

2024

Kevin

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<p class="is-style-lead">Ripple-backed crypto firm Keyrock is teaming up with Deutsche Bank to leverage the bank’s institutional infrastructure to support multi-currency accounts and FX services.</p>
<p>Keyrock, an international crypto market maker and liquidity provider, has announced a strategic partnership with Deutsche Bank, one of Germany’s largest <a href="https://crypto.news/tag/bank/" target="_blank" rel="noopener noreferrer nofollow">banks</a>, to enhance its payment and foreign exchange operations.</p>
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   <p lang="en" dir="ltr">🌍 New milestone:<br><br>We’ve partnered with Deutsche Bank, worldwide financial leader, to advance global digital asset operations. Through this collaboration, we expand our ability to optimise fiat currency management. <a rel="noopener noreferrer nofollow" href="https://t.co/1D6AlLDypo" target="_blank">pic.twitter.com/1D6AlLDypo</a></p>— Keyrock 🔑🪨 (@KeyrockTrading) <a href="https://twitter.com/KeyrockTrading/status/1845796950265761989?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 14, 2024</a>
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<p>In a <a href="https://keyrock.com/keyrock-enters-strategic-partnership-with-deutsche-bank/" target="_blank" rel="noopener noreferrer nofollow">press release</a> on Oct. 14, the Brussels-based firm said the collaboration aims to leverage Deutsche Bank’s institutional-grade infrastructure to support its operations, providing multi-currency accounts in over 10 currencies, along with integrated FX services. This will improve settlement times with counterparties across the EMEA, APAC, and LATAM regions.</p>
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 <p>“Working with Deutsche Bank allows us to collaborate with one of the most respected institutions in global finance.”</p>
 <p>Kevin de Patoul, Keyrock chief executive officer</p>
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<p>You might also like: <a rel="noopener noreferrer nofollow" href="https://crypto.news/deutsche-bank-tests-ethereum-based-platform-to-mitigate-margin-compression/"> Deutsche Bank tests Ethereum-based platform to mitigate margin compression </a></p>
<h2 class="wp-block-heading" id="deutsche-bank-deepens-its-crypto-commitments">Deutsche Bank deepens its crypto commitments</h2>
<p>The partnership is expected to enhance Keyrock’s ability to execute FX spot trades with near-instant settlements, enabling optimized handling of fiat currencies, according to the press release. The firm says that consolidating services with a single provider will reduce “counterparty and settlement risks.”</p>
<p>Kilian Thalhammer, global head of merchant solutions at Deutsche Bank, emphasized the importance of the collaboration, stating the move “aligns with our dedicated commitment to supporting tech and fintech innovation.”</p>
<p>Co-founded in 2017 by Kevin de Patoul, Jeremy de Groodt, and Juan David Mendieta, Keyrock operates across over 85 trading venues worldwide. In November 2022, the market maker raised $72 million in a Series B funding round from investors, including Ripple, SIX Fintech Ventures, and Middlegame Ventures.</p>
<p>In September 2023, Keyrock <a href="https://crypto.news/keyrock-a-belgium-based-market-maker-approved-in-switzerland/" target="_blank" rel="noopener noreferrer nofollow">secured</a> approval from the Swiss Financial Services Standards Association to operate as a financial intermediary in Switzerland, allowing it to provide services to crypto businesses and investors in the countr</p>
<p>Read more: <a rel="noopener noreferrer nofollow" href="https://crypto.news/bitpanda-taps-deutsche-bank-to-process-fiat-transfers-in-germany/"> Bitpanda taps Deutsche Bank to process fiat transfers in Germany </a></p>

Ripple-backed Keyrock teams up with Deutsche Bank to expand FX services

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