Keyrock Acquires Turing Capital to Expand into Asset and Wealth Management
Keyrock’s acquisition of Luxembourg-based Turing Capital launches its Asset and Wealth Management division, aiming to integrate fund management with blockchain-based services for institutional and private investors.
Keyrock has acquired Turing Capital, a Luxembourg-registered alternative investment fund manager, to establish a new Asset and Wealth Management division. The move expands Keyrock’s services from liquidity provision to long-term investment strategies. Turing Capital’s co-founder Jorge Schnura will lead the division as president and join Keyrock’s executive committee. The firm has applied for regulatory approval under the EU’s MiCA framework through Liechtenstein’s financial regulator, with plans to offer portfolio management and advisory services. Keyrock executives emphasized that the merger positions the company to compete with traditional asset managers as digital assets transition on-chain.
- MiCA: Markets in Crypto-Assets, the European Union’s regulatory framework for digital assets, aiming to standardize rules across member states.
- On-chain: A term describing assets, transactions, or operations recorded directly on a blockchain, ensuring transparency and security.
- Alternative Investment Fund Manager: A regulated entity authorized to manage investment funds that invest in assets outside traditional stocks and bonds.