#B2C2 #Cryptocurrency #Singapore #SBIHoldings #AsiaPacific #DigitalAssets #MarketMaker #FinancialTechnology
B2C2, a distinguished cryptocurrency market maker under the ownership of SBI Holdings from Japan, recently unveiled plans to further entrench its presence in the Asia-Pacific territory with the launch of a new office situated in Singapore. This strategic move is underscored by the company’s decision to apply for a Major Payment Institution (MPI) licence within the bustling city-state, symbolizing a crucial step in its ambitious expansion across the region. Given Singapore’s esteemed status as a leading financial hub both regionally and worldwide, the choice to expand in this locale serves as a calculated endeavor by B2C2 to capitalize on the flourishing Asia-Pacific markets.
With a notable presence in key global cities including London, Paris, Luxembourg, New Jersey, and Tokyo, B2C2’s venture into Singapore comes as a natural progression of its expanding global footprint. The acquisition of the company by Japanese conglomerate SBI Holdings towards the end of 2020, further emphasizes B2C2’s pivotal role in the Asia-Pacific region’s cryptocurrency sphere. This acquisition, closely following a $30 million investment by SBI Holdings into the crypto entity, has poised B2C2 as a formidable influencer in the region. Additionally, B2C2’s strategic moves in Europe, such as obtaining a virtual asset service provider registration in Luxembourg and enhancing its EU presence through the acquisition of French market-maker Woorton, illustrate the company’s broader ambitions to dominate the cryptocurrency trading and market-making sectors globally.
Steering B2C2’s efforts in the Asia-Pacific is David Rogers, appointed as CEO for the region and bringing over two decades of experience in both traditional finance and digital assets. Having spent 17 years working within the Asia-Pacific markets and holding significant roles in prominent financial institutions like State Street, Goldman Sachs, and UBS, Rogers is optimally positioned to lead B2C2’s operations in Singapore. His leadership is anticipated to fortify B2C2’s standing as a preferred partner for financial institutions worldwide, leveraging the firm’s robust financial position and sophisticated pricing and credit facilities. This expansion is not just a growth trajectory for B2C2 but also a testament to Singapore’s emerging stature as an international nucleus for regulated digital asset trading, marking a pivotal chapter in the integration of traditional finance with the burgeoning cryptocurrency market.
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