UK-based crypto market marker B2C2 announced earlier this week that it had received a substantial investment of $30 million from Japan-based financial conglomerate SBI. B2C2 plans to set up a fully automated premier brokerage with the most competitive two-way market prices later in July.
As reported, SBI already has a number of locations with blockchain technology and crypto assets and plans to further expand its influence in the industries. The Japan-based financial conglomerate wants to establish an international organization, and its latest $30 million investment will play a major role in this establishment.
SBI global expansion strategy
Furthermore, SBI is looking to extend its influence further with security token offerings (STO). Additionally, the firm plans to leverage its joint venture with R3 by launching blockchain solutions in the supply chain sector. According to B2C2 founder, Max Boonen:
“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 is among the top and the oldest operational market in the digital assets sector. The company is famous for providing large investors with the opportunity to carry out multi-million dollar trades over-the-counter. Notably, the firm based in the United Kingdom will launch new automated financing services this month to enhance its current implementation services.
Prime brokerage in the digital assets space
SBI, Japan’s largest online stock trading company, will take a $30 million stake in B2C2, giving the firm access to its balance sheet. In orthodox finance, premier brokers are positioning themselves between institutional investors and the market, providing a variety of services, such as custody, consulting, and execution.
Market experts suggested that the entry of prime brokerage services into the cryptocurrency area could attract institutional investors from the sidelines. In reality, prime brokerage solutions make investment and trading experience more stable and capital efficient.