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Crypto Market Maker B2C2 Said to Be Raising up to $200M: Source
The transaction will allow majority holder SBI to reduce its stake in the crypto trading firm, the source said.
Updated Jul 17, 2025, 4:00 p.m. Published Jul 17, 2025, 5:08 a.m.
What to know:
- Crypto trading firm B2C2 is trying to raise as much as $200 million, according to a source.
- Some of the money raised will be used to allow SBI Holdings, the company's majority holder, to reduce its stake, the person said.
B2C2, the crypto market maker 90% owned by SBI Holdings, is looking to raise more money from external investors, according to several people familiar with the situation.
The London-based company is aiming to raise up to $200 million, according to one of the people, who spoke of condition on anonymity because the matter is private. Some of the funds will be used to allow Tokyo-based SBI Holdings to reduce its 90% stake, the person said.
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B2C2 declined to comment. SBI Holdings didn't respond to a request for comment by publication time.
SBI Financial Services, a subsidiary of SBI Holdings, bought a 90% stake in London-based B2C2 in December 2020, following an initial investment of $30 million in July of the same year.
“The crypto asset market, revitalized by the inauguration of President Trump, significantly boosted the growth of the U.K.-based crypto asset market maker B2C2,” SBI said in its full-year results in May.
The Japanese investment firm was said to be considering a sale of part of its shareholding in B2C2 in a deal potentially worth $100 million, Bloomberg reported in April. At the time, an SBI Holdings spokesperson denied the Japanese company was considering selling part of its stake in B2C2.
B2C2 is a FCA-regulated crypto market maker with offices in London, the U.S. and Japan.
Read more: B2C2 Gains Luxembourg Virtual Asset License as EU's Crypto Rules Set to Kick In
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