B2C2, a cryptocurrency market maker owned by Japan’s SBI Holdings, has opened a brand new Singapore workplace and can apply for a Main Cost Establishment (MPI) licence within the city-state. Introduced in the present day (Monday), the transfer comes as the corporate is about to strengthen its presence within the Asia-Pacific area, labelling it as a “development section.”
The Singapore workplace is an addition to its present bodily presence in London, Paris, Luxembourg, New Jersey, and Tokyo.
“As a number one monetary centre each within the area and globally, Singapore was a logical alternative for the enlargement of our APAC
footprint,” mentioned Thomas Restout, Group CEO of B2C2.
B2C2 already has a robust grip in Asia-Pacific resulting from its presence in Japan. On the finish of 2020, the corporate was acquired by Japanese big SBI Holdings, solely 5 months after the conglomerate invested $30 million within the crypto firm.
The London-headquartered agency entered the European Union final yr by buying the French market-making agency Woorton. This allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN licence issued by the AMF. To increase its presence in continental Europe, it additional obtained a digital asset service supplier registration in Luxembourg.
Not too long ago, Swissquote tapped B2C2 to reinforce cryptocurrency buying and selling liquidity on its Swissquote Change (SQX).
A Veteran to Lead the Enlargement
David Rogers, B2C2’s CEO of Asia-Pacific
David Rogers, B2C2’s CEO of Asia-Pacific, will lead the corporate’s operations from its Singapore base. Rogers is a monetary trade veteran with 24 years of expertise in digital property and conventional finance. Among the distinguished firms he labored at had been State Road, Goldman Sachs, and UBS.
Rogers’s appointment to supervise the Asia-Pacific operations of the London-headquartered firm was additionally strategic, as he had labored within the area for 17 years.
“The agency’s sturdy steadiness sheet, unparalleled settlement functionality, and in depth pricing and credit score capabilities make it the main counterparty of alternative for monetary establishments globally,” Rogers mentioned. “With an already very sturdy APAC group, we are going to increase this in Singapore, which is on monitor to be a world hub for regulated digital asset buying and selling. We’re excited to work with regulators and companions to develop this ecosystem.”
B2C2, a cryptocurrency market maker owned by Japan’s SBI Holdings, has opened a brand new Singapore workplace and can apply for a Main Cost Establishment (MPI) licence within the city-state. Introduced in the present day (Monday), the transfer comes as the corporate is about to strengthen its presence within the Asia-Pacific area, labelling it as a “development section.”
The Singapore workplace is an addition to its present bodily presence in London, Paris, Luxembourg, New Jersey, and Tokyo.
“As a number one monetary centre each within the area and globally, Singapore was a logical alternative for the enlargement of our APAC
footprint,” mentioned Thomas Restout, Group CEO of B2C2.
B2C2 already has a robust grip in Asia-Pacific resulting from its presence in Japan. On the finish of 2020, the corporate was acquired by Japanese big SBI Holdings, solely 5 months after the conglomerate invested $30 million within the crypto firm.
The London-headquartered agency entered the European Union final yr by buying the French market-making agency Woorton. This allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN licence issued by the AMF. To increase its presence in continental Europe, it additional obtained a digital asset service supplier registration in Luxembourg.
Not too long ago, Swissquote tapped B2C2 to reinforce cryptocurrency buying and selling liquidity on its Swissquote Change (SQX).
A Veteran to Lead the Enlargement
David Rogers, B2C2’s CEO of Asia-Pacific
David Rogers, B2C2’s CEO of Asia-Pacific, will lead the corporate’s operations from its Singapore base. Rogers is a monetary trade veteran with 24 years of expertise in digital property and conventional finance. Among the distinguished firms he labored at had been State Road, Goldman Sachs, and UBS.
Rogers’s appointment to supervise the Asia-Pacific operations of the London-headquartered firm was additionally strategic, as he had labored within the area for 17 years.
“The agency’s sturdy steadiness sheet, unparalleled settlement functionality, and in depth pricing and credit score capabilities make it the main counterparty of alternative for monetary establishments globally,” Rogers mentioned. “With an already very sturdy APAC group, we are going to increase this in Singapore, which is on monitor to be a world hub for regulated digital asset buying and selling. We’re excited to work with regulators and companions to develop this ecosystem.”
