A Standard Chartered–affiliated background plus an institutional client pool—does Keyrock want to become an oligarch-style crypto market-making powerhouse?

ME News update: On June 2 (UTC+8), Belgian digital asset services company Keyrock is acquiring the bankrupt crypto trading and lending firm BlockFills for $3.25 million, pending court approval. Keyrock will take on “almost all” of BlockFills’ assets, some liabilities, some equity, customer lists, and proprietary technology and intellectual property. BlockFills filed for Chapter 11 bankruptcy in March, reporting liabilities of between $100 million and $500 million, and assets of only between $50 million and $100 million. The acquisition will give Keyrock access to BlockFills’ institutional client network, including hedge funds, asset management firms, market makers, and mining companies. Keyrock completed a transaction last year with SC, a subsidiary of Standard Chartered Bank