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 ownership structure and fund business growth. SBI Financial Services, owned by Tokyo-based SBI Holdings, acquired a 90% stake in December 2020, following its initial investment in July of that year for $30 million. The Japanese financial group maintained majority ownership as B2C2 expanded as a regulated crypto trading specialist. Regulatory Developments Drive Operational Requirements SBI Holdings highlighted B2C2’s performance in its May 2025 full-year results, crediting the “crypto asset market revitalized by President Trump’s inauguration” for boosting the UK -based market maker’s growth trajectory. Bloomberg reported in April that SBI was considering selling… The post B2C2 Seeks $200M to Expand Crypto Market-Making and Reduce SBI’s 90% Ownership appeared first on Coin Edition .
