Crypto infrastructure and capital markets firm Keyrock has completed its acquisition of the institutional trading and brokerage business of BlockFills, according to The Block. The deal gives Keyrock access to BlockFills’ trading technology, institutional client relationships, and a seasoned team of derivatives traders. Keyrock said the acquisition also expands its regulatory footprint by adding a CIMA-registered entity in the Cayman Islands, while the company plans to seek authorization from the UK Financial Conduct Authority, or FCA. The company did not disclose the purchase price in its announcement. Earlier court filings and prior reporting had indicated that Keyrock was selected in BlockFills’ bankruptcy restructuring process with a $3.25 million bid. Chicago-based BlockFills filed for bankruptcy protection in early 2026 after suffering major losses tied to the crypto market crash in February. The transaction adds operating and regulatory assets to Keyrock as it expands its institutional trading business.
Crypto infrastructure and capital markets firm Keyrock has completed its acquisition of the institutional trading and brokerage business of BlockFills, according to The Block.
The transaction brings Keyrock BlockFills’ trading technology, its institutional client relationships, and an experienced team of derivatives traders.
In its announcement, Keyrock said the acquisition also broadens its regulatory footprint. The deal gives it a CIMA-registered entity in the Cayman Islands, and the company said it plans to obtain authorization from the UK Financial Conduct Authority, or FCA.
Keyrock did not disclose the acquisition price. Earlier court filings and prior reporting said Keyrock was selected in BlockFills’ bankruptcy restructuring process with a $3.25 million offer.
BlockFills, which is headquartered in Chicago, filed for bankruptcy protection in early 2026 after taking major losses following the crypto market crash in February.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
