Share this article
Market Maker KeyRock Secures Swiss Anti-Money Laundering Clearance
The Brussels-based crypto firm joins the likes of BitGo in being approved by standards body VQF.
Updated Sep 26, 2023, 3:53 p.m. Published Sep 26, 2023, 11:00 a.m.
KeyRock has received Swiss regulatory clearance from a government-approved standards body, according to a Tuesday statement by the company.
The market maker, based in Belgium, joins the likes of crypto firm Bitcoin Suisse and custodian BitGo in registering with VQF, a financial standards organization approved by Swiss regulators to monitor compliance with anti-money laundering standards.
STORY CONTINUES BELOW
“Securing the VQF membership reinforces Keyrock’s stance on upholding rigorous regulatory standards within the crypto space,” KeyRock Chief Executive Officer Kevin de Patoul said in a statement. “Our focus remains steadfast on ensuring both compliance and trust in our services.”
Earlier this year, de Patoul announced he was moving to Geneva, but added that the company would remain based in Brussels, Belgium. KeyRock, which succeeded in raising $72 million even in the bumpy wake of crypto exchange FTX’s collapse late last year, now says it has operations in over 85 exchanges across more than 400 markets.
VQF says it’s the largest and oldest self-regulatory organization in Switzerland and is approved by financial regulator FINMA to monitor compliance with anti-money laundering laws.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Crypto industry insiders meet with key senators on market structure bill negotiation
Executives and lobbyists are attending a meeting today with Senator Tim Scott and others to hash out the ongoing talks over crypto's most important policy effort.
What to know:
- The crypto industry is have another meeting with U.S. Senate lawmakers who are working on the market structure bill.
- The legislation will return to negotiations in January, and this may mark the last big chance this year for industry representatives to clarify their positions in the talks.
Top Stories
