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 announced the acquisition of Luxembourg-based alternative investment fund manager Turing Capital for $27.8 million, and the establishment of an asset and wealth management department.

Turing Capital CEO Jorge Schnura will lead the new department 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 investments, 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 MiCA regulation.