Crypto Assets market maker B2C2 plans to raise $200 million, and SBI plans to reduce its holdings to boost its global expansion.

B2C2 Financing Plan Emerges The London-based cryptocurrency market maker B2C2 is preparing to raise up to $200 million in funding and plans to bring in external investors. Part of this financing will be used for the Japanese financial giant SBI Holdings to reduce its stake in B2C2. Currently, SBI holds 90% of B2C2.

SBI Financial Services completed its acquisition of a controlling stake in B2C2 in December 2020, having made an initial investment of $30 million earlier that year.

SBI promotes B2C2 global layout and is regulated by the UK FCA Under the leadership of SBI, B2C2 is rapidly expanding its business, currently having offices in London, the United States, and Japan, and is regulated by the UK Financial Conduct Authority (FCA).

According to the annual financial report released by SBI in May this year, B2C2's rapid growth is partly attributed to the overall recovery of the cryptocurrency market since former President Trump's administration. Earlier reports suggested that SBI intended to sell part of its B2C2 equity at an estimated valuation of around $100 million. Although the company denied this at the time, the current financing plan indicates that it is seeking to restructure its capital framework to enhance market competitiveness.

B2C2 Expands European Market and Accelerates Global Compliance Layout In February 2024, B2C2 obtained a Virtual Asset Service Provider (VASP) license in Luxembourg, becoming the twelfth company registered in the country, in preparation for the upcoming EU regulations. That same year, the company also acquired the French market maker Woorton, strengthening its influence in the European market.

Currently, B2C2 has a business presence in the Americas, Asia-Pacific, and EMEA regions.

The cryptocurrency venture capital market is experiencing a strong rebound In the second quarter of 2025, the crypto venture capital market rebounded strongly, with total financing reaching $10.03 billion, the highest quarterly figure since the first quarter of 2022. June was particularly impressive, with monthly financing reaching $5.14 billion, indicating a recovery in investor confidence.

Notable projects include Strive Funds' completion of $750 million in financing in May (focusing on Bitcoin strategies) and TwentyOneCapital's completion of $585 million in financing in April.

Projects such as Securitize, Kalshi, Auradine, ZenMEV, and Digital Asset have also received substantial investments, covering multiple sectors including DeFi and blockchain infrastructure.

Institutions that were more active in the second quarter include Pantera Capital, Animoca Brands, a16z, and Galaxy Digital.

Seed rounds remain the main source of financing, followed by strategic rounds and merger transactions. Series A and incubation stage financing are relatively few, reflecting the ongoing diversification and maturation of the crypto investment and financing ecosystem.

Conclusion: With B2C2 launching a $200 million financing, the trend of crypto market makers expanding in the global market is becoming increasingly evident, and SBI's reduction in holdings also indicates a dynamic adjustment in institutional capital structure. Meanwhile, the strong recovery of the crypto venture capital market will provide fertile ground for more innovative projects to grow. For crypto users, understanding these capital movements will help seize the next round of industry opportunities and value gaps.