B2C2 Seeks $200M to Expand Crypto Market-Making and Reduce SBI’s 90% Ownership
2025-07-17 11:07:58
Main Idea
B2C2 is seeking $200 million in external funding to allow SBI Holdings to reduce its 90% ownership stake and to fund business growth, amid new UK regulatory requirements for crypto firms.
Key Points
1. B2C2, a London-based crypto market maker, aims to raise $200 million to enable SBI Holdings to reduce its 90% stake and support business expansion.
2. SBI Holdings acquired a 90% stake in B2C2 in December 2020 after an initial $30 million investment in July 2020.
3. The UK's new regulatory framework requires all crypto firms, including non-UK companies dealing with UK consumers, to obtain FCA authorization by late 2025 and achieve full compliance by mid-2026.
4. B2C2's FCA regulation is seen as advantageous for attracting institutional investors who prefer licensed counterparts.
5. SBI Holdings credited the revitalized crypto asset market, influenced by President Trump's inauguration, for boosting B2C2's growth.
Description
London market maker targets external funding, allowing SBI to reduce its 90% ownership. SBI acquired majority control in December 2020 following an initial July investment. New UK regulatory framework requires FCA authorization for all crypto firms. London-based crypto market maker B2C2 is seeking external capital of up to $200 million to allow existing majority owner SBI Holdings to reduce its 90% stake. People familiar with the fundraising effort say the capital will be used to diversify the o...
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