B2C2, a cryptocurrency market maker owned by Japan's SBI Holdings, has opened a new office in Singapore and will apply for a Master Payment Institution (MPI) license in the city-state. The move, announced today (Monday), comes as the company prepares to strengthen its presence in the Asia-Pacific region, describing it as a “growth phase.”
The Singapore office is an addition to its existing physical presence in London, Paris, Luxembourg, New Jersey and Tokyo.
“As a leading financial center both regionally and globally, Singapore was a logical choice to expand our Asia Pacific region
Thomas Restout, CEO of B2C2 Group, said:
B2C2 already has a strong hold in the Asia-Pacific region due to its presence in Japan. At the end of 2020, the Japanese giant SBI Holdings acquired the company, just five months after the group invested $30 million in the cryptocurrency company.
The London-headquartered company entered the European Union last year through the acquisition of French market maker Woorton. This allowed B2C2 to operate in the 27-country bloc with Woorton's PSAN license issued by the AMF. To expand its presence in continental Europe, it has also obtained virtual asset service provider registration in Luxembourg.
Recently, Swissquote leveraged B2C2 to enhance cryptocurrency trading liquidity on the Swissquote Exchange (SQX).
A veteran to lead the expansion
David Rogers, CEO of B2C2 Asia Pacific
David Rogers, CEO of B2C2 Asia Pacific, will lead the company's operations from its base in Singapore. Rogers is a financial industry veteran with 24 years of experience in digital assets and traditional finance. Some of the notable companies he worked for were State Street, Goldman Sachs, and UBS.
Rogers' appointment to oversee the London-headquartered company's Asia Pacific operations was also strategic, having worked in the region for 17 years.
“The company’s strong balance sheet, unparalleled settlement capacity, and broad pricing and credit capabilities make it the leading counterparty of choice for financial institutions globally,” Rogers said. “With a very strong team already in place in the Asia-Pacific region, we will consolidate this in Singapore, which is on track to become an international hub for regulated digital asset trading. We are excited to work with regulators and partners to grow this ecosystem.”
B2C2, a cryptocurrency market maker owned by Japan's SBI Holdings, has opened a new office in Singapore and will apply for a Master Payment Institution (MPI) license in the city-state. The move, announced today (Monday), comes as the company prepares to strengthen its presence in the Asia-Pacific region, describing it as a “growth phase.”
The Singapore office is an addition to its existing physical presence in London, Paris, Luxembourg, New Jersey and Tokyo.
“As a leading financial center both regionally and globally, Singapore was a logical choice to expand our Asia Pacific region
Thomas Restout, CEO of B2C2 Group, said:
B2C2 already has a strong hold in the Asia-Pacific region due to its presence in Japan. At the end of 2020, the Japanese giant SBI Holdings acquired the company, just five months after the group invested $30 million in the cryptocurrency company.
The London-headquartered company entered the European Union last year through the acquisition of French market maker Woorton. This allowed B2C2 to operate in the 27-country bloc with Woorton's PSAN license issued by the AMF. To expand its presence in continental Europe, it has also obtained virtual asset service provider registration in Luxembourg.
Recently, Swissquote leveraged B2C2 to enhance cryptocurrency trading liquidity on the Swissquote Exchange (SQX).
A veteran to lead the expansion
David Rogers, CEO of B2C2 Asia Pacific
David Rogers, CEO of B2C2 Asia Pacific, will lead the company's operations from its base in Singapore. Rogers is a financial industry veteran with 24 years of experience in digital assets and traditional finance. Some of the notable companies he worked for were State Street, Goldman Sachs, and UBS.
Rogers' appointment to oversee the London-headquartered company's Asia Pacific operations was also strategic, having worked in the region for 17 years.
“The company’s strong balance sheet, unparalleled settlement capacity, and broad pricing and credit capabilities make it the leading counterparty of choice for financial institutions globally,” Rogers said. “With a very strong team already in place in the Asia-Pacific region, we will consolidate this in Singapore, which is on track to become an international hub for regulated digital asset trading. We are excited to work with regulators and partners to grow this ecosystem.”
