Keyrock buys BlockFills trading assets for $3.25 million

Keyrock acquired the trading and brokerage assets of BlockFills' institutional digital asset business on July 16, 2026. The Brussels-based firm paid $3.25 million for substantially all of the Chicago-based company's assets while assuming certain liabilities, equity interests, customer relationships and proprietary technology, according to a bankruptcy filing.

The transaction adds BlockFills' client relationships, trading technology and derivatives expertise to Keyrock's existing market making, over-the-counter trading, options, credit, onchain services and asset management operations.

Subject to regulatory approval. CoinDesk reported in June 2026 that Keyrock was in the process of acquiring BlockFills. Several senior BlockFills executives are joining 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 said it will integrate the BlockFills business in phases and communicate directly with clients as services are rolled out. The company said the acquisition strengthens its digital asset derivatives business amid expanding institutional demand for options and other crypto trading products.