Keyrock, a Brussels-based market-making and trading firm, has finalized its purchase of BlockFills' institutional trading and brokerage assets. The deal stems from BlockFills' Chapter 11 bankruptcy proceedings, in which Keyrock was earlier selected as the buyer for $3.25 million. The acquisition expands Keyrock's institutional offerings by absorbing the trading and brokerage operations of BlockFills, which had provided liquidity and execution services to professional clients before entering bankruptcy. The transaction reflects continued consolidation across the digital asset industry, as established firms acquire the assets of distressed competitors. By integrating these assets, Keyrock aims to strengthen its position in the institutional crypto trading market. The completion of the deal marks the conclusion of a key phase in BlockFills' restructuring process, transferring its business capabilities to a financially stable operator amid ongoing efforts to serve institutional demand for crypto services.
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