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SBI Financial Acquires Institutional Crypto Desk B2C2
SBI Financial Services has acquired cryptocurrency trading platform B2C2, according to a report.
By Danny Nelson
Updated Sep 14, 2021, 10:43 a.m. Published Dec 15, 2020, 5:14 p.m.
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SBI Financial Services has acquired cryptocurrency trading platform B2C2, Reuters reported Monday.
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- The Japanese firm said it will leverage B2C2's crypto rails for mainstream financial institutions.
- Reuters reports that SBI Holdings is now the first major financial firm to own a crypto desk.
- SBI acquired a $30 million minority stake in B2C2 this summer. It has been offering clients access to B2C2's trading portal ever since.
- SBI subsidiaries have shown a penchant for crypto projects including security token offerings and digital asset exchange partnerships. The group offers shareholder payouts in XRP.
