Crypto Trader Keyrock acquires Turing Capital for $27.8 million to enter the field of asset and wealth management

According to BlockBeats, on September 16, cryptocurrency trading infrastructure provider Keyrock announced that it has acquired Turing Capital for $27.8 million and officially launched its asset and wealth management division. Keyrock CEO Kevin de Patoul said in a statement: "We are proud to officially launch the Keyrock Assets and Wealth Management business and welcome the Turing Capital team to join. This expansion allows us to better serve institutional partners and cover the full range of digital assets, from liquidity provision to long-term investment strategies." The announcement stated that Turing Capital is an alternative investment fund management company registered in Luxembourg, focusing on "crypto-native investment strategies." The acquisition will help enrich Keyrock’s asset management unit and further expand its investment offerings for institutional clients and private investors. With the growing demand for on-chain assets such as tokenized stocks, Keyrock is also expanding its influence in the United States and decentralized finance. Wealth Management is naturally complementary to Keyrock's existing OTC and Options trading businesses, and the company provides large-value trading services to institutional clients, high-net-worth individuals and other market participants.