SBI Holdings Considers Reducing Stake in B2C2 Crypto Unit

Japanese financial conglomerate SBI Holdings is evaluating whether to reduce its stake in the B2C2 cryptocurrency unit. The company invested $30 million in B2C2 back in 2020, and a potential sale of shares could be valued at $100 million. Sources familiar with the matter report that SBI Financial Services Inc., an affiliate of SBI Holdings, intends to sell its stake, though the exact amount is unclear. B2C2’s market maker platform serves banks, exchange platforms, and hedge funds.