Source: Confidential Insider: Crypto market maker B2C2 is reportedly attempting to raise $200 million

BlockBeats News, July 17th, according to sources cited by CoinDesk, B2C2, a cryptocurrency market maker with 90% ownership by SBI Holdings, is seeking to raise more funds from external investors. The London-based company is reportedly planning to raise up to $200 million, and as this matter has not been made public yet, the source said that some of the funds will be used to help SBI Holdings, based in Tokyo, reduce its 90% stake.

B2C2 declined to comment. At the time of writing, SBI Holdings has also not responded to a request for comment.

SBI Holdings' subsidiary, SBI Financial Services, acquired 90% of B2C2 based in London in December 2020, after the company initially invested $30 million in July of the same year.