Keyrock has been named the successful bidder for a package of assets from BlockFills, the institutional crypto trading and lending firm now operating through a Delaware Chapter 11 case.

The proposed transaction is still conditional. CoinDesk reported that Keyrock is in the process of acquiring BlockFills, while a Keyrock spokesperson said the deal remains subject to final bankruptcy court approval and regulatory approvals referenced in the bid. A sale hearing is scheduled for June 16, 2026.

Court materials cited in the report put the purchase price at $3.25 million. The asset package includes substantially all of BlockFills' assets, certain liabilities, some equity interests, customer lists, proprietary technology, and intellectual property.

BlockFills entered Chapter 11 in March after months of liquidity pressure in its institutional crypto business. The case is being administered under Reliz Technology Group Holdings Inc. and affiliated debtors, with remaining assets and causes of action expected to move through the bankruptcy plan process for creditor recoveries.

For Keyrock, the deal would add distressed but still relevant crypto market-structure infrastructure: institutional relationships, trading technology, and intellectual property from a platform that had served OTC, derivatives, lending, settlement, and mining clients. For creditors and former customers, the important caveat is unchanged: the sale is not complete until the court signs off.