Keyrock, a Brussels-based digital asset providers agency, is within the means of buying bankrupt crypto buying and selling and lending agency Blockfills, in accordance with two folks with data of the matter.
A Keyrock spokesperson informed CoinDesk that the acquisition is topic to courtroom approval. In accordance with a chapter submitting, Keyrock agreed to a purchase order worth of $3.25 million, and can assume “substantially all” of BlockFills’ belongings, sure liabilities, a few of its fairness pursuits, buyer lists and its proprietary expertise and mental property.
“We can confirm that, as set out in the official Bankruptcy Court document filed on 26 May 2026, Keyrock SA has been declared the ‘Successful Bidder’ for certain assets of Reliz Technology Group Holdings Inc. and its affiliated debtors,” a Keyrock spokesperson stated in a press release.
“A hearing to consider approval of the sale is currently scheduled for June [16,] 2026. In the meantime, parties continue to collaborate on the administrative process to complete the transaction. Furthermore, final completion of the transaction remains subject to final court approval and the appropriate regulatory approvals referenced in Keyrock’s bid,” they added.
BlockFills supplies institutional shoppers with liquidity, financing and risk-management providers, together with crypto lending and borrowing, derivatives buying and selling, and over-the-counter (OTC) execution. Its buyer base consists of hedge funds, asset managers, market makers and mining corporations. Keyrock is a Brussels-based digital asset providers agency that gives market making, liquidity, OTC buying and selling and infrastructure options to crypto exchanges, establishments and token issuers.
Representatives for BlockFills didn’t return a request for remark by press time.
On March 15, Reliz Ltd., the operator of BlockFills, and three affiliated entities filed voluntary Chapter 11 petitions within the U.S. Chapter Court docket for the District of Delaware. The courtroom submitting confirmed Reliz reporting belongings between $50 million and $100 million in opposition to liabilities of $100 million to $500 million.
The agency determined to file for chapter after consulting all stakeholders, it stated in an official assertion on the time.
“After extensive discussions with investors, clients, creditors, and other stakeholders, BlockFills has determined that a voluntary chapter 11 filing is the most responsible path forward in order to preserve the value of the business and maximize recoveries for stakeholders. This filing will allow the firm to implement an orderly restructuring while maintaining transparency and oversight through the court-supervised process,” it stated.
CoinDesk reported in February that the Chicago-based agency had suffered losses of roughly $75 million and was in search of both a purchaser or emergency financing.
Earlier that the month the corporate introduced that it was suspending buyer withdrawals and deposits, citing difficult market and monetary situations. On the time, BlockFills stated it was working with traders and shoppers to revive liquidity and attain a decision.
In accordance with Blockfills, buying and selling quantity exceeded $60 billion in 2025, a 28% enhance from the earlier 12 months. The agency stated it served roughly 2,000 institutional shoppers and ranked among the many extra energetic desks within the institutional crypto lending and borrowing market.
The acquisition comes months after Keyrock raised a Sequence C spherical led by SC Ventures, Customary Chartered’s enterprise capital arm, at a $1.1 billion valuation.
It acquired Turing Capital, a fund supervisor based mostly in Luxembourg, final fall, in a push to broaden into asset and wealth administration, it introduced in September.
Learn extra: Crypto buying and selling agency BlockFills information for chapter
