London-based crypto market maker B2C2 is looking to raise up to $200 million, partly to allow SBI Holdings to reduce its 90% stake. SBI first invested in B2C2 in July 2020 and took a 90% stake that December.

https://www.coindesk.com/business/2025/07/17/crypto-market-maker-b2c2-said-to-be-raising-up-to-200m-source