Announced
Completed
Synopsis
SBI, a financial services company group based in Tokyo, completed the acquisition of a minority stake in B2C2, a cryptocurrency liquidity provider, for $30m. "Today’s deal with SBI takes B2C2 a big step forward. Having claimed the top spot in our segment thanks to the technological edge of our single dealer platform, we found in SBI the right partner to unlock the next drivers of our growth. B2C2 will benefit from SBI’s balance sheet, which is far larger than anything committed to the crypto market to date. It will complement our asset liability management framework - the most sophisticated in the market - to deliver an execution platform that will not only be a game changer in crypto, but also positions us to expand across asset classes as we set our sights on the $20bn-a-year prime brokerage market," Max Boonen, B2C2 Founder.
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