Deutsche Bank and crypto market maker Keyrock have formed an alliance to boost Keyrock's global services.
This includes providing Keyrock with multi-currency accounts and foreign exchange services, which will support its operations in the EMEA, APAC and LATAM regions.
By consolidating its services with a single entity and opening multi-currency accounts with the bank, Keyrock aims to reduce counterparty and settlement risks and support more than 10 different currencies.
Since its launch in 2017, Keyrock has provided market-making and over-the-counter trading services for more than 100 currency pairs in approximately 400 markets.
With the help of Deutsche Bank's infrastructure, Keyrock will be able to facilitate near-instant settlements and optimize the handling of fiat currencies and Keyrock’s foreign exchange needs.