“Can a crypto-native institutional liquidity provider evolve into the full financial infrastructure layer — settlement, stablecoin swaps, and fiat rails — for global institutional digital asset markets?”
Founded in 2015, B2C2 established itself as a crypto-native OTC market maker and liquidity provider serving institutional clients — hedge funds, asset managers, banks, and exchanges. Acquired by SBI Holdings in 2020, it leveraged Japanese institutional backing to deepen its global regulatory footprint across the UK (FCA), US, Japan, Singapore, Luxembourg and France. Over 2024–2026, B2C2 has been expanding beyond pure crypto trading into stablecoin infrastructure (PENNY platform) and fiat settlement rails (OpenPayd partnership), positioning itself as a full institutional digital asset ecosystem partner rather than just a price-maker.