Cryptocurrency Exchange Keyrock Acquires Turing Capital for $27.8 Million, Expanding into Asset and Wealth Management Arena

BlockBeats News, September 16th, Cryptocurrency exchange infrastructure provider Keyrock announced the acquisition of Turing Capital for $27.8 million and officially launched its Asset & Wealth Management division.

Keyrock CEO Kevin de Patoul stated in a declaration: "We are proud to officially launch Keyrock's Asset & Wealth Management business and welcome the Turing Capital team. This expansion allows us to better serve our institutional partners, covering the full spectrum of digital asset needs, from liquidity provision to long-term investment strategies."

The announcement stated that Turing Capital is an alternative investment fund management company registered in Luxembourg, focusing on "crypto-native investment strategies." This acquisition will help enhance Keyrock's asset management division, further expanding its investment products for institutional clients and private investors.

With the growing demand from institutional investors for on-chain assets (such as tokenized stocks), Keyrock is also increasing its influence in the U.S. and decentralized finance space. Wealth management complements Keyrock's existing OTC trading and options trading business, as the company provides large-scale trading services to institutional clients, high-net-worth individuals, and other market participants.