Sources: Crypto market maker B2C2 is attempting to raise $200 million

On July 17th, according to sources cited by CoinDesk, B2C2, a cryptocurrency market maker in which SBI Holdings holds a 90% stake, is seeking to raise more funds from external investors. According to insiders, the London based company plans to raise up to $200 million. As the matter has not been made public, the insider stated that some of the funds will be used to help Tokyo based SBI Holdings reduce its 90% stake. B2C2 declined to comment. As of the time of writing, SBI Holdings has not yet responded to our request for comment. SBI Financial Services, a subsidiary of SBI Holdings, acquired 90% of the shares of London based B2C2 in December 2020, following its initial investment of $30 million in July of the same year.