Keyrock acquires Turing Capital for $27.8 million to expand its digital asset management business
ChainCatcher news, according to The Block, digital asset trading infrastructure provider Keyrock has announced the acquisition of Luxembourg-based alternative investment fund manager Turing Capital for $27.8 million, and has established an asset and wealth management division.
Turing Capital CEO Jorge Schnura will lead the new division and join Keyrock's management team. This acquisition aims to strengthen Keyrock's investment services for institutional and high-net-worth clients, covering liquidity provision, long-term investment, and on-chain asset management. Keyrock has also recently expanded its business in the United States and plans to apply for an investment advisory license under the EU's MiCA regulation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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