Crypto market maker B2C2 plans to raise $200 million

Crypto market maker B2C2 is seeking to raise up to $200 million, with some of the funds going towards allowing its main shareholder, SBI Holdings, to reduce its stake. SBI Holdings acquired 90% of B2C2 in December 2020, after making an initial investment of $30.00 million in July of the same year. B2C2 is a crypto market maker regulated by the UK Financial Conduct Authority (FCA), with offices in London, the US, and Japan. Although SBI Holdings had previously denied reports that it was considering selling its B2C2 shares, the latest news suggests that its position may have changed. [CoinDesk]