ChainThink report, according to CoinDesk, Belgium-based digital asset services firm Keyrock has submitted a successful bid to acquire BlockFills, a bankrupt crypto trading and lending firm, for $32.5 million. The court has recognized Keyrock as the winning bidder, with the final transaction pending approval at a hearing scheduled for June 16.

BlockFills filed for Chapter 11 bankruptcy protection in March under its parent company, Reliz Ltd., with liabilities ranging between $100 million and $500 million, while its assets are estimated at $50 million to $100 million.

The acquisition will grant Keyrock access to BlockFills’ institutional client network—including funds, asset management firms, market makers, and mining companies—along with proprietary technology and intellectual property.

BlockFills recorded over $60 billion in trading volume in 2025 and served approximately 2,000 institutional clients.

Keyrock previously completed a Series C funding round led by SC Ventures, a subsidiary of Standard Chartered Bank, valuing the company at $1.1 billion.