Sources: Crypto Market Maker B2C2 Seeks to Raise $200 Million

According to a report by Jinse Finance, sources indicate that B2C2, a cryptocurrency market maker 90% owned by SBI Holdings, is seeking to raise additional funds from external investors. People familiar with the matter said the London-based company plans to raise up to $200 million. Since the matter is not yet public, the source noted that part of the funds will be used to help Tokyo-based SBI Holdings reduce its 90% stake. B2C2 declined to comment. As of press time, SBI Holdings has also not responded to requests for comment. SBI Holdings’ subsidiary, SBI Financial Services, acquired a 90% stake in London-based B2C2 in December 2020, after making an initial $30 million investment in July of the same year.