- B2C2 to raise $200 million to expand globally and revamp its ownership structure.
- SBI plans to reduce its 90% stake in B2C2, shifting focus to its crypto strategy.
- SBI invested $30 million in B2C2 before taking majority control in late 2020.
The UK-based crypto market maker, B2C2, is gearing up to raise 200 million in capital as SBI Holdings intends to reduce its majority ownership stake. The fundraising process will help to support operations and allow SBI to reduce its 90% stake in B2C2. The move signals a potential strategic shift in one of the largest over-the-counter crypto market makers.
Capital Raise Marks New Chapter for B2C2
B2C2 plans to raise up to $200 million from external parties to expand and reorganize its ownership structure. This will enable SBI Holdings to partially divest and re-weight its portfolio exposure. This follows the 90 percent share acquisition of the company by SBI in 2020.
The fresh capital will strengthen B2C2’s presence across key regions, including EMEA, the Americas, and Asia-Pacific. While B2C2 declined to comment, multiple sources confirm discussions with external parties are already underway. The company, regulated by the UK’s Financial Conduct Authority, aims to broaden its institutional market-making services.
In the middle of 2020, SBI invested $30 million in B2C2 and subsequently bought the majority of shares in late 2020. B2C2 has expanded quickly under the leadership of SBI with an office in the U.S. and Japan. Nevertheless, as the world of crypto is changing, the two companies seem to realign their approaches.
SBI Holdings Shifts Strategy With Stake Reduction
SBI Holdings is reducing its exposure in B2C2 as part of a broader restructuring within its digital asset portfolio. This reduction is expected to free capital and rebalance focus across other ventures within its financial services arm. The deal, valued potentially around $100 million, will diversify B2C2’s ownership and reduce SBI’s influence.
Though SBI denied exit talks in April, the current fundraising confirms a partial stake reduction is now underway. The Japanese conglomerate had cited strong crypto momentum driven by political changes and market revival in previous statements.
By reducing its share, SBI could also be implying that it is ready to allow B2C2 to be more independent. External funding can also pave the way to increase active governance from new shareholders. This would open up options to expand B2C2 in the long run outside its current leadership system.
B2C2 Strengthens Market Position Across Regions
B2C2 is increasing its worldwide presence and strengthening its position in institutional crypto marketplaces. In 2023, it acquired the Paris-based crypto firm Woorton to boost trading operations in Europe.
The company also secured registration as a virtual asset service provider in Luxembourg last year. This step prepared B2C2 for new EU regulations and ensured compliant growth across key jurisdictions. As regulatory clarity improves, B2C2 positions itself as a preferred liquidity provider.
The company has been able to expand its footprint by establishing trading operations in New York, Tokyo, London and Luxembourg. This international footprint will enable B2C2 to gain a competitive advantage when it comes to cross market execution. The new capital increase is expected to facilitate product innovation and infrastructure improvements.
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Crypto Capital Flows Recover as B2C2 Eyes Growth
The $200 million raise by B2C2 coincides with a new funding wave within the crypto industry. In Q2 2025, crypto venture capital increased by more than $10 billion, marking the best in a two-year span. This allows ambitious growth by established companies, such as B2C2.
The new crypto-funding totalled $5.14 billion in June alone, demonstrates growing confidence in digital asset markets. Strive Funds and TwentyOneCapital led rounds in Bitcoin and DeFi, respectively. Infrastructure and compliance were other companies that had a big demand.
The raise at B2C2 can be described as part of this larger funding story, which is focused on expanding operations and accessing more market shares. The company is one of the few regulated firms with a multi-region presence by FCA. B2C2 is seeking its new demand to capture and adjust its governance structure as institutional crypto-trading goes up.
