Updated Jul 16, 2026, 3:29 p.m. Published Jul 16, 2026, 3:26 p.m. 2 min readKeyrock CEO and co-founder Kevin de Patoul. (Keyrock)SummaryKeyrock acquired the trading and brokerage assets of BlockFills' institutional digital asset business.The transaction expands Keyrock's derivatives capabilities, client base and regulatory footprint in the Cayman Islands and, pending approval, the U.K.Several senior BlockFills executives, including veteran derivatives traders Perry Parker and Dan Schak, are joining Keyrock.Keyrock, a digital-asset services firm, acquired the trading and brokerage assets of BlockFills' institutional digital asset business, bolstering its push into institutional crypto markets, the company said in a press release Thursday.The completed transaction adds BlockFills' client relationships, trading technology and derivatives expertise to Brussels-based Keyrock's existing businesses spanning market making, over-the-counter (OTC) trading, options, credit, onchain services and asset management.CoinDesk reported in June that Keyrock was in the process of acquiring Chicago-based crypto trading and lending firm Blockfills. According to a bankruptcy filing, Keyrock agreed to pay $3.25 million for substantially all of BlockFills' assets, while assuming certain liabilities, equity interests, customer relationships and proprietary technology.The acquisition broadens Keyrock's regulatory reach through a CIMA-registered entity in the Cayman Islands and the proposed acquisition of an FCA-authorized entity in the U.K., subject to regulatory approval. The company said the combined platform will offer institutional clients enhanced execution capabilities backed by Keyrock's balance sheet and regulatory infrastructure.The deal brings several experienced executives to Keyrock, including Perry Parker, a former Goldman Sachs and Deutsche Bank derivatives executive who led institutional options at BlockFills, and Dan Schak, who oversaw risk and trading operations. The broader trading, operations and commercial teams will also join Keyrock.Keyrock said it will integrate the business in phases and communicate directly with clients as services are rolled out. The company said the acquisition strengthens one of its fastest-growing businesses, digital asset derivatives, at a time when institutional demand for options and other crypto trading products continues to expand.Read more: Crypto investment firm Keyrock is acquiring bankrupt lender BlockfillsAI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.12345678910Crypto Flows, Share and the Selective RotationCrypto Flows, Share and the Selective RotationMarkets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.Jul 22, 2026Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.Why it matters:Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.View Full Report