SBI Invests $30M in B2C2, Largest Proclaimed Market Maker in XRP

SBI Financial Services, a subsidiary of Japanese financial giant SBI Holdings, has bought a $30 million minority stake in British crypto liquidity startup, B2C2. The investment marks the beginning of a strategic partnership between the firms as B2C2 is set to become SBI’s main liquidity provider.

As reported, SBI’s new crypto fund will mostly operate XRP, which is planned to account for 50% of the fund’s portfolio. As reported, Ripple has been a major crypto partner of SBI Holdings, providing solutions for their joint venture SBI Ripple Asia, which was formed to promote XRP usage in Asian financial markets in 2016.

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