New Deutsche Bank-Keyrock partnership to streamline FX, payment services in digital markets
To strengthen its position in digital finance, Deutsche Bank has partnered with Keyrock, a leading crypto-native market maker, to enhance cross-currency operations and trading efficiency in the digital asset space.
This strategic collaboration is set to improve settlement processes for over-the-counter (OTC) and market-making operations, with a focus on global markets.
Through this partnership, Deutsche Bank will offer Keyrock its institutional-grade infrastructure, which includes multi-currency accounts across more than 10 currencies and integrated foreign exchange (FX) services.
With access to over 100 currency pairs, Keyrock is positioned to optimize its trading across Europe, the Middle East, Africa, Asia-Pacific, and Latin America.
The bank’s backing is expected to reduce counterparty and settlement risks while speeding up settlement times in the crypto markets.
Keyrock CEO Kevin de Patoul expressed enthusiasm for the collaboration, noting that Deutsche Bank’s reputation in global finance and its robust infrastructure will enhance the company’s operations.
“This partnership strengthens our ability to deliver efficient, reliable solutions in the growing digital asset market,” he said.
Kilian Thalhammer, Deutsche Bank’s Global Head of Merchant Solutions, emphasized the bank’s commitment to supporting tech and fintech innovations.
He added that the collaboration with Keyrock aligns with the bank’s vision to support advancements in digital asset liquidity and global payment solutions.
Deutsche Bank has been increasingly active in the crypto and blockchain sectors, with a notable focus on leveraging blockchain technology to address financial industry challenges.
Earlier this year, the bank joined Singapore’s Project Guardian, an initiative exploring blockchain’s role in financial markets. The project involves testing tokenized fund services on the Ethereum network.
