Source: Insider Insider sources: Crypto market maker B2C2 is seeking to raise $200 million

News, July 17th, according to CoinDesk citing sources, B2C2, a cryptocurrency market maker owned 90% by SBI Holdings, is seeking to raise more funds from external investors. According to sources, the London-based company plans to raise up to $200 million, and as this matter has not been made public yet, the source said 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 publication, SBI Holdings had 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.