Keyrock has acquired Blockfills' institutional trading and brokerage business for $3.25 million

BlockBeats News, July 16th, Keyrock has completed the acquisition of BlockFills' institutional trading and brokerage business, covering its trading technology, institutional client relationships, and derivatives trading team. This acquisition will also expand Keyrock's regulatory coverage, including an entity registered with the Cayman Islands Monetary Authority and a UK entity seeking authorization from the Financial Conduct Authority.

Keyrock did not disclose the transaction price in the announcement. According to previous court filings and company representatives, the total acquisition price is $3.25 million, to be paid in two installments, with some arrangements still subject to regulatory approval. BlockFills suffered significant losses during the cryptocurrency market crash in February 2026, subsequently filing for protection under Chapter 11 of the U.S. Bankruptcy Code. Keyrock was ultimately selected as the buyer in its bankruptcy asset disposition process.