SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2.
The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider. As announced on July 1, the collaboration is aimed to expand SBI’s crypto offering to millions of customers. B2C2 is intended to benefit from SBI’s distribution network as the London-based startup launches an electronic prime brokerage.