Keyrock, a Brussels-based digital asset services firm, has raised a Series C round led by SC Ventures, the venture arm of Standard Chartered, at a valuation of $1.1 billion, the company said in a press release Tuesday.

Ripple, which provides blockchain-based enterprise infrastructure, also participated in the fundraising as an existing backer. The funding round remains open and could total up to $100 million.

Keyrock said in the release that the new capital will be used to strengthen its balance sheet, expand its suite of services and pursue acquisitions.

Founded in 2017, the firm offers market making, asset management, over-the-counter (OTC) trading and options services across digital asset markets. It positions itself as a bridge between…