TOKYO AND LONDON–(BUSINESS WIRE)–SBI Monetary Companies, the subsidiary of SBI Holdings (“SBI”), in the present day introduced the acquisition of B2C2, the buying and selling counterparty of alternative within the institutional crypto markets. The transaction follows SBI Monetary Companies’ settlement to take a minority stake in B2C2 in July this yr.
The mix positions SBI on the centre of the cryptocurrency markets, changing into the pure entry level for monetary establishments searching for a financial institution counterparty to commerce digital property. B2C2’s model, expertise, technical experience and buying and selling capabilities allow SBI to open a principal dealing desk in a world first.
Yoshitaka Kitao, President and CEO of SBI Holdings, mentioned: “B2C2 has an distinctive repute for its world-class services, excellent know-how and useful shopper base. Their imaginative and prescient, experience and providing complement SBI’s, and we sit up for working in partnership as we broaden our footprint throughout the worldwide markets.”
Max Boonen, Founding father of B2C2, mentioned: “With Bitcoin hitting an all time excessive this month, it’s dawning on everybody in finance that crypto is right here to remain. The timing couldn’t be higher for SBI, a monetary agency admired for its farsightedness, who just isn’t merely dipping in however opening a brand new chapter for the trade. The mixing is nicely underway, with each companies’ shopper bases already benefiting from our mixed capabilities. We share a daring imaginative and prescient of the affect that crypto will exert on monetary markets over the approaching decade. We’re proud to hitch SBI on the forefront of this evolution.”
Milestones since SBI’s preliminary funding embody the appointment of B2C2 as major liquidity supplier, whereby institutional shoppers can now commerce with SBI by way of B2C2’s platform. For the reason that partnership, OTC volumes have quadrupled, cementing B2C2’s place because the #1 liquidity supplier out there. As well as, the mixing of B2C2’s state-of-the-art market making programs with SBI’s new digital trade has resulted in a ten-fold improve in each day volumes.
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SBI Holdings, Inc. was established in 1999 as a pioneer of Web-based monetary companies. The corporate offers monetary companies in a variety of classes, together with securities, banking and insurance coverage and has fashioned the world’s first Web-based monetary conglomerate. The corporate has additionally expanded its enterprise into biotechnology, together with analysis and improvement and gross sales associated to prescription drugs, well being meals and cosmetics. For extra info, please go to https://www.sbigroup.co.jp/english/
B2C2 is a veteran digital asset buying and selling group with a world-class staff drawn from world funding banks and buy-side companies. Based in 2015 and headquartered within the UK, with workplaces in London, Tokyo and Jersey Metropolis, B2C2 is trusted by banks, brokerages, exchanges and fund managers globally to offer 24/7 liquidity. Constantly revolutionary, B2C2 launched the primary crypto-native single seller platform in 2016 and was the primary international seller to achieve the Japanese market. In 2019, the agency launched the primary OTC streaming worth feed and was the primary crypto firm within the EU to safe a MiFID funding agency licence. B2C2 OTC Ltd. is authorised and controlled by the UK’s Monetary Conduct Authority (FRN 810834). For extra info, please go to https://www.b2c2.com