Brussels, April 14, 2026: Keyrock, a global crypto investment group, has issued its first tokenized corporate bond as part of the next phase of the group’s ambitious growth plans. The funds raised from the corporate bond will bolster Keyrock’s working capital and operations as the group continues to lead in market making, asset management, OTC, and options trading.
The move spotlights the growing sophistication of tokenized debt issuance, at a time when traditional financial institutions continue to adopt digital assets and blockchain technology. Global digital asset banking group Sygnum acted as the distribution partner for the issuance, while the bond was issued through Obligate, a leading Swiss-based platform for launching blockchain-based bonds.
The EURC-denominated corporate bond sits on the Ethereum blockchain, providing a live example of how financial markets are transforming to embrace tokenized debt issuance. Traditional debt financing can be slower, more costly, and more rigid for lenders when compared to tokenized alternatives. Bringing the process onchain allows issuers and investors to capitalize on the efficiency, agility, and reach brought by blockchain technology.
“The launch of our corporate bond alongside Sygnum and Obligate marks another step in our growth journey,” commented Kevin de Patoul, Keyrock’s CEO. “It’s fitting that we’d pursue a capital raising opportunity onchain, leading by example as we bridge traditional financial systems with blockchain technology and its many advantages.”
“Keyrock’s issuance reflects the accelerating convergence of traditional capital markets and blockchain infrastructure,” said Fatmire Bekiri, Head of Tokenization at Sygnum. “At Sygnum we are committed to developing regulated access to onchain investment opportunities and providing clients with secure and compliant access to them. Supporting transactions like this is an important step in advancing the institutional adoption of tokenized financial assets.”
“Keyrock’s corporate bond issuance highlights how tokenized debt has become a practical, institutional-grade financing solution,” said Matthias Wyss, CEO of Obligate. “Through our end-to-end platform, we enable companies to issue and service onchain bonds with greater speed and transparency, while also meeting their legal and regulatory requirements. By combining blockchain infrastructure with capital markets standards, we provide issuers like Keyrock with a seamless and compliant path to raise capital onchain.”
About Sygnum
Sygnum is a global digital asset banking group, founded on Swiss and Singapore heritage. We empower professional and institutional investors, banks, corporates and DLT foundations to invest in digital assets with complete trust. Our team enables this through our institutional-grade security, expert personal service and portfolio of regulated digital asset banking, asset management, tokenization and B2B services.
In Switzerland, Sygnum holds a banking license and has CMS and Major Payment Institution licences in Singapore. The group is also regulated in the established global financial hubs of Abu Dhabi, Luxembourg and is registered in Liechtenstein.We believe that the future has heritage. Our crypto-native team of banking, investment and digital asset technology professionals are building a trusted gateway between the traditional and digital asset economies that we call Future Finance. To learn more about how Sygnum’s mission and values are shaping this digital asset ecosystem, please visit sygnum.com and follow us on LinkedIn and X.
About Keyrock
Founded in Brussels in 2017, Keyrock is a global crypto investment group. The company is a leader in market making, asset management, OTC, and options trading. Providing liquidity to over 90 centralized and decentralized venues worldwide, their 220-strong team operates across 37 countries, with entities in Belgium, the UK, Switzerland, Liechtenstein, France, Brazil, and the U.S.
Keyrock provides the widest range of services in the market, allowing the group to deliver fully tailored support. Today, this unmatched offering includes in-depth industry insights, co-created DeFi ecosystems, and active support for Web3 startups. Structured for the long-term, Keyrock is constantly evolving to drive progress in digital assets.
About Obligate
Obligate provides a secure, transparent, and regulatory-compliant platform for creating, issuing, and managing the lifecycle of debt instruments on the blockchain. Its unique architecture is built to handle the complex needs of institutional investors while lowering the barriers to entry for issuers through efficient access to multilateral financing.
Bonds issued as eNotes™ are native digital securities grounded in Switzerland’s advanced DLT legislation and backed by a comprehensive dispute resolution framework designed to ensure global enforceability. In recognition of its leadership in digital capital markets infrastructure, Obligate was named “Best Digital Capital Raising Platform in Europe” by Future of Finance (FoF) in 2025.
Headquartered in Zurich, Switzerland, Obligate AG is a financial intermediary under the Swiss Anti-Money Laundering Act and a member of the Financial Services Standards Association (VQF), an Anti-Money Laundering Self-Regulatory Organization (SRO) regulated and supervised by the Swiss Financial Market Supervisory Authority (FINMA).
Disclaimer: The information in this publication pertaining to Sygnum Bank AG (“Sygnum”) is for general information purposes only, as per date of publication, and should not be considered exhaustive. This publication does not consider the financial situation of any natural or legal person, nor does it provide any tax, legal or investment advice. This publication does not constitute any advice or recommendation, an offer or invitation by or on behalf of Sygnum to purchase or sell any assets. No elements of precontractual or contractual relationship are intended. While the information is believed to be from accurate and reliable sources, Sygnum makes no representation or warranties, expressed or implied, as to the accuracy of the information. Sygnum expressly disclaims any and all liability that may be based on such information, omissions, or errors thereof. Any statements contained in this publication attributed to a third party represent Sygnum‘s interpretation of the data, information and/or opinions provided by that third party either publicly or through a subscription service, and such use and interpretation have not been reviewed by the third party. Sygnum reserves the right to amend or replace the information, in part or entirely, at any time, and without any obligation to notify the recipient of such amendment / replacement or to provide the recipient with access to the information. Simultaneously, there is no obligation of Sygnum to inform recipients of information, if before provided information later becomes outdated, inaccurate or obsolete, unless otherwise provided by applicable law. The information provided is not intended for use by or distributed to any individual or legal entity in any jurisdiction or country where such distribution, publication or use would be contrary to the law or regulatory provisions or in which Sygnum does not hold the necessary registration, approval authorisation or license. Except as otherwise provided by Sygnum, it is not allowed to modify, copy, distribute or reproduce, display, license, or otherwise use any content for commercial purposes.
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