Keyrock and Deutsche Bank partner to advance global digital asset operations

Brussels, Belgium, October 14, 2024 – Keyrock, a global digital asset market maker, and Deutsche Bank, one of the world’s leading financial institutions, have announced a new partnership to enhance payment and foreign exchange (FX) operations for market making and OTC trading.

The collaboration will utilise Deutsche Bank’s institutional-grade infrastructure to support Keyrock’s digital asset market-making operations and OTC activity by providing multi-currency accounts in over ten currencies with integrated FX services. This enables Keyrock to trade in the various required currencies and improve settlement times with their counterparties across the EMEA, APAC, and LATAM regions.

“This partnership is a significant step forward for Keyrock. Working with Deutsche Bank allows us to collaborate with one of the most respected institutions in global finance. Their industry expertise, infrastructure, and commitment to innovation make them the ideal partner. Together, we are well-positioned to provide greater value and efficiency in global digital asset markets.” says Kevin de Patoul, CEO of Keyrock.

With access to over 100 currency pairs and multi-currency accounts, this partnership expands Keyrock’s ability to execute FX spot trades with near-instant settlements, optimising the handling of fiat currencies. By consolidating services with a single provider, the collaboration reduces counterparty and settlement risks.

Kilian Thalhammer, Global Head of Merchant Solutions, Deutsche Bank, adds: “Providing our services to Brussels-based Keyrock as one of the leading digital asset liquidity specialists in Europe aligns with our dedicated commitment to supporting tech and fintech innovation. We look forward to working closely with Keyrock to enable cross-currency management and transactional FX services, thereby shaping a still emerging digital asset industry.”