On October 14, Deutsche Bank announced a strategic partnership with Keyrock, a renowned crypto-native market maker. This collaboration aims to enhance Keyrock’s global services and expand its reach in key regions.

Boosting Keyrock's Operations

Deutsche Bank will provide Keyrock with multi-currency accounts and foreign exchange services. This support will enable Keyrock to broaden its operations in the EMEA, APAC, and LATAM regions. The partnership represents a significant opportunity for Keyrock to consolidate services and streamline its financial processes. In an interview, Kilian Thalhammer, Deutsche Bank’s Global Head of Merchant Solutions, emphasized the importance of supporting tech and fintech innovation. Collaborating with Keyrock aligns with Deutsche Bank’s commitment to fostering growth in this sector.

Mitigating Risks with Multi-Currency Accounts

Opening multi-currency accounts at Deutsche Bank will allow Keyrock to reduce counterparty and settlement risks. These accounts will support over ten currencies, allowing for more efficient transactions. The partnership will facilitate near-instant settlements by optimizing fiat currency handling for Keyrock’s foreign exchange needs. This partnership signifies Deutsche Bank’s increasing familiarity with the crypto space. The bank has previously backed digital asset infrastructure provider Taurus and provided services for the crypto exchange Bitpanda.

Keyrock's Innovative Approach to Liquidity

Keyrock, founded in 2017 by Kevin de Patoul, CTO Jeremy de Groodt, and CSO Juan David Mendieta, specializes in market-making and over-the-counter trading. The firm offers services for over 100 currency pairs and operates across approximately 400 markets. Keyrock utilizes proprietary algorithms to deliver scalable and adaptable liquidity products to marketplaces and asset issuers. In a press release, Kevin de Patoul, CEO of Keyrock, expressed enthusiasm for the partnership with Deutsche Bank, stating it marks a significant milestone for the company.

The partnership between Deutsche Bank and Keyrock underscores their commitment to developing digital asset services and strengthening their presence in fintech. This collaboration promises to drive innovation and efficiency in the global digital asset markets.