Crypto trading company Keyrock has announced its foray into asset and wealth management through the acquisition of Turing Capital, which is a Luxembourg-based alternative investment fund manager.
This acquisition, revealed on Tuesday, initiates the launch of Keyrock’s Asset and Wealth Management division, dedicated to serving institutional clients and private investors.
Founded in Brussels, Belgium, Keyrock is well-regarded for its market making, options, and OTC trading operations. The firm will integrate Turing Capital’s investment strategies and Luxembourg fund management framework into its broader platform. The division will be spearheaded by Jorge Schnura, co-founder of Turing Capital, who will join Keyrock’s executive committee as the president of this unit.
According to the company, this expansion will enable them to offer services throughout the entire lifecycle of digital assets, from liquidity provision to long-term investment strategies. “In the near future, all assets will live onchain,” Schnura emphasized, pointing out that the merger positions the group to seize opportunities as traditional financial products transition to blockchain systems.
Keyrock has also sought regulatory approval under the EU’s cryptocurrency regulations MiCA, via a submission to Liechtenstein’s financial authority. Upon approval, the firm intends to provide portfolio management and advisory services, aiming to compete directly with both traditional asset managers and crypto-native firms.
“Today’s launch establishes a foundation for our long-term goal: to bring asset management on-chain in a manner that truly adheres to institutional standards,” stated Keyrock CSO Juan David Mendieta.
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