PANews reported on September 16 that according to The Block, Keyrock, a digital asset trading infrastructure provider, announced the acquisition of Turing Capital, a Luxembourg alternative investment fund management company, for $27.8 million and the establishment of an asset and wealth management division. Turing Capital CEO Jorge Schnura will lead the new division and join Keyrock's management. The acquisition aims to strengthen Keyrock's investment services for institutional and high-net-worth clients, covering liquidity provision, long-term investments, and on-chain asset management. Keyrock has also recently expanded its operations in the United States and plans to apply for an investment advisory license under the EU's MiCA regulation.