SBI Financial Acquires Institutional Crypto Desk B2C2

SBI Financial Services has acquired cryptocurrency trading platform B2C2, Reuters reported Monday.

The Japanese firm said it will leverage B2C2's crypto rails for mainstream financial institutions.
Reuters reports that SBI Holdings is now the first major financial firm to own a crypto desk.
SBI acquired a $30 million minority stake in B2C2 this summer. It has been offering clients access to B2C2's trading portal ever since.
SBI subsidiaries have shown a penchant for crypto projects including security token offerings and digital asset exchange partnerships. The group offers shareholder payouts in XRP.

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