SBI Holdings denies report of $100m crypto unit B2C2 stake sale

SBI Holdings refuted the allegations according to which she intends to sell a participation of $ 100 million in her cryptocurrency negotiation subsidiary, B2C2.

A report Published by Bloomberg on April 8, said that SBI Financial Services, a Japanese Holding SBI unit, explored a potential sale of $ 100 million with a minority participation in its B2C2 cryptographic market subsidiary.

Citing anonymous sources familiar with the discussions, the article noted that SBI was in talks with several potential buyers.

However, according to Bloomberg, a spokesperson for the SBI denied the report, indicating that the company does not consider a sale. B2C2 also refused to comment on the issue.

SBI Holdings acquired A minority participation in B2C2 in July 2020, investing $ 30 million to establish a strategic partnership aimed at improving its cryptocurrency services for millions of customers.

Acquisition of digital assets

In December 2020, SBI had fully acquired B2C2, positioning itself as the first large financial group to operate a digital asset transmission office.

Since the acquisition, B2C2 has expanded its presence on the cryptocurrency market. In August 2023, the company acquired The French market manufacturing company Woorton, obtaining regulatory licenses to operate within the European Union.

This decision was part of the wider B2C2 strategy to improve its services and provide liquidity to institutional customers across Europe.

SBI Holdings was an important player in digital asset space, engaging in various initiatives to integrate cryptocurrencies into traditional financial services.

The company has collaborated with blockchain companies and invested in multiple projects related to cryptography, highlighting its commitment to the evolving digital economy.