Keyrock and Onchain Custodian (ONC) recently announced a partnership that aims to improve crypto adoption among institutional investors.
Founded in 2017, Keyrock is a well-known liquidity provider and market maker for many of the world’s top centralised and decentralised crypto exchanges. It also works closely with token projects, funds, brokers, and regulatory bodies.
Onchain Custodian, which launched a custodian service for cryptocurrencies earlier this year, uses institutional-grade security technology to keep crypto funds secure for its clients. The launch of this partnership will enable clients of both companies to enjoy preferential rates on each others’ services.
According to Keyrock CEO Kevin de Patoul, “Being able to collaborate with a player like Onchain Custodian, which can offer its services to Keyrock’s client base, is highly beneficial not only to Keyrock’s operations, but also to those of its partners.”
Onchain Custodian CEO Alexandre Kech stated that “the operational excellence and high-quality service we are striving for will allow our clients to enjoy peace of mind and focus all their attention on growing their business.”
ONC And The Rise of Institutional Investing
New services like ONC’s SAFE™ Digital Asset Custody Platform are becoming more common in the cryptocurrency industry. The launch of custodial platforms is a sign that the market is becoming more mature and that interest from institutional investors and accredited investors is on the rise.
Currently, ONC is able to support custodianship for eight cryptocurrencies: BTC, ETH, LTC, ONT, ONG, NEO, GAS, and USDT. The company plans to expand its list of supported digital assets in the future. The SAFE™ Platform allows clients to utilise a variety of security features like multi-signature accounts, customisable user roles, and customisable approval levels. Clients also have the ability to decide whether they want to choose more control or convenience through ONC’s co-managed or full custody solutions.
The ONC team represents the trend of talent and experience moving from traditional institutions to the world of digital assets. NEO’s Da Hongfei serves as chair of ONC’s board. Other members on the Onchain Custodian’s executive team include Alexandre Kech (SWIFT, BNY Mellon), Raymond Cheong (KPMG, IBM, Standard Chartered Bank), and El Lee (JP Morgan, CIMB).
Keyrock’s Services For The Crypto Industry
Keyrock’s algorithms and custom builds help a range of companies in the crypto industry solve liquidity challenges. All services have the scalability of SaaS, which enables clients to more easily adjust to quick changes in the market. The company’s partners include many of today’s biggest exchanges: Binance, Bittrex, Bitfinex, Huobi, and more. It also supports a number of popular decentralised exchanges like Airswap, 0x, and Radar Relay.
Much like Onchain Custodian, Keyrock’s executives have extensive experience working in finance. CEO Kevin de Patoul previously worked with consulting firm Roland Berger on projects covering industries like financial services and private equity. CTO Jeremy de Groodt coordinated the development of robust systems at multiple large institutional and financial corporations such as BNP Paribas, the European Institutions, and Manpower.