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Deutsche Bank supports Keyrock's crypto expansion
By Daniele Corno
Partnership with Deutsche Bank to use multi-currency accounts and foreign exchange services, enhancing crypto market maker's services
Deutsche Bank and Keyrock join forces
Deutsche Bank has entered into a partnership with Keyrock, a company specializing in cryptocurrencyliquidity management . Through this agreement, Keyrock will have access to multi-currency accounts and foreign exchange services, making it easier to manage transactions in global markets. This will help the company reduce counterparty risk and optimize market making and over-the-counter (OTC) operations. In addition, the partnership will enable Keyrock to reduce counterparty and settlement risks, with the goal of expanding its operations in three key areas: EMEA (Europe, Middle East and Africa), APAC (Asia-Pacific) and LATAM (Latin America).
This move aligns with Deutsche Bank ‘s commitment to support innovation in fintech and blockchain technology. In fact, the collaboration represents a major advancement for both companies in the cryptocurrency market.
A joint commitment to innovation in fintech
Keyrock, founded in 2017, specializes in market making and operates in about 400 global markets. It uses proprietary algorithms to ensure the necessary liquidity. These algorithms handle more than 100 different currency pairs.
Deutsche Bank ‘s new infrastructure will help provide near-instantaneous transactions and optimize the management of legal currencies. In addition, this partnership gives Keyrock the opportunity to grow and improve services for its clients.
“Partnering with Deutsche Bank is an important step for us,” said Kevin de Patoul, CEO of Keyrock. “Together we can deliver greater value in the global digital asset markets.”
