Keyrock Acquires Turing Capital for $30M, Launches Asset Management Division

Keyrock has finalized its acquisition of Luxembourg-based alternative investment fund manager Turing Capital in a deal worth nearly $30 million. The MOVE marks a strategic expansion into asset and wealth management, with Turing co-founder Jorge Schnura leading the newly formed division.

The firm has submitted an application under the Markets in Crypto-Assets (MiCA) framework with Liechtenstein's Financial Market Authority, seeking approval for portfolio management and advisory services. This builds on Keyrock's existing market-making, OTC, and options business by introducing long-term investment strategies and on-chain wealth products.

"We're proud to officially launch Keyrock Asset and Wealth Management and welcome the Turing Capital team into our fold," said CEO Kevin de Patoul. The acquisition positions Keyrock to offer institutional clients a comprehensive suite of digital asset services, from liquidity provision to strategic investments.

Liechtenstein's early adoption of MiCA regulations provides a regulatory gateway for European Economic Area operations. Keyrock already holds TVTG registration in Liechtenstein and enhanced PSAN status in France, having prepared for MiCA compliance since late 2024.