Key Takeaways
- • Keyrock, a Brussels-based digital asset services firm, has been declared the successful bidder to acquire BlockFills out of Chapter 11 bankruptcy for $3.25 million, subject to court approval scheduled for June 16, 2026.
- • The acquisition includes substantially all of BlockFills' assets, certain liabilities, equity interests, customer lists, and proprietary technology and intellectual property, expanding Keyrock's institutional service capabilities.
- • BlockFills, a Chicago-based crypto trading and lending platform, provides institutional clients—including hedge funds, asset managers, market makers, and mining companies—with liquidity, financing, risk-management services, derivatives trading, and OTC execution.
- • Final completion of the transaction remains contingent on bankruptcy court approval and appropriate regulatory clearances, with the hearing currently scheduled for mid-June 2026.
Summary
Keyrock, a Brussels-based digital asset services firm, is acquiring BlockFills, a Chicago-based crypto lending and trading platform, out of Chapter 11 bankruptcy. According to a bankruptcy court filing dated May 26, 2026, Keyrock has been declared the successful bidder for the acquisition at a purchase price of $3.25 million. The transaction requires approval from the U.S. Bankruptcy Court, with a hearing scheduled for June 16, 2026.
Under the acquisition agreement, Keyrock will assume substantially all of BlockFills' assets, certain liabilities, equity interests, customer lists, and proprietary technology and intellectual property. This acquisition grants Keyrock access to BlockFills' institutional client base, which encompasses hedge funds, asset managers, market makers, and cryptocurrency mining companies. BlockFills currently provides these clients with a comprehensive suite of services, including crypto lending and borrowing facilities, derivatives trading capabilities, and over-the-counter (OTC) execution services, as well as broader liquidity and risk-management solutions.
According to a Keyrock spokesperson, the company has successfully navigated the initial bidding process as declared by the bankruptcy court. However, the transaction remains subject to final court approval at the June 16 hearing and must secure appropriate regulatory clearances before completion. The spokesperson confirmed that parties are collaborating on administrative procedures to facilitate transaction closure, though final completion hinges on these outstanding approvals.
Under the acquisition agreement, Keyrock will assume substantially all of BlockFills' assets, certain liabilities, equity interests, customer lists, and proprietary technology and intellectual property. This acquisition grants Keyrock access to BlockFills' institutional client base, which encompasses hedge funds, asset managers, market makers, and cryptocurrency mining companies. BlockFills currently provides these clients with a comprehensive suite of services, including crypto lending and borrowing facilities, derivatives trading capabilities, and over-the-counter (OTC) execution services, as well as broader liquidity and risk-management solutions.
According to a Keyrock spokesperson, the company has successfully navigated the initial bidding process as declared by the bankruptcy court. However, the transaction remains subject to final court approval at the June 16 hearing and must secure appropriate regulatory clearances before completion. The spokesperson confirmed that parties are collaborating on administrative procedures to facilitate transaction closure, though final completion hinges on these outstanding approvals.
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