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Japan’s SBI Invests $30M in B2C2 Digital Assets Firm

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UK-based crypto market marker B2C2 announced earlier this week that it had received a substantial investment of $30 million from Japan-based financial conglomerate SBI. B2C2 plans to set up a fully automated premier brokerage with the most competitive two-way market prices later in July.

As reported, SBI already has a number of locations with blockchain technology and crypto assets and plans to further expand its influence in the industries. The Japan-based financial conglomerate wants to establish an international organization, and its latest $30 million investment will play a major role in this establishment.

SBI global expansion strategy

Furthermore, SBI is looking to extend its influence further with security token offerings (STO). Additionally, the firm plans to leverage its joint venture with R3 by launching blockchain solutions in the supply chain sector. According to B2C2 founder, Max Boonen:

“Today’s deal with SBI takes B2C2 a big step forward. Having claimed the top spot in our segment thanks to the technological edge of our single dealer platform, we found in SBI the right partner to unlock the next drivers of our growth.”

B2C2 is among the top and the oldest operational market in the digital assets sector. The company is famous for providing large investors with the opportunity to carry out multi-million dollar trades over-the-counter. Notably, the firm based in the United Kingdom will launch new automated financing services this month to enhance its current implementation services.

Prime brokerage in the digital assets space

SBI, Japan’s largest online stock trading company, will take a $30 million stake in B2C2, giving the firm access to its balance sheet. In orthodox finance, premier brokers are positioning themselves between institutional investors and the market, providing a variety of services, such as custody, consulting, and execution.

Market experts suggested that the entry of prime brokerage services into the cryptocurrency area could attract institutional investors from the sidelines. In reality, prime brokerage solutions make investment and trading experience more stable and capital efficient.

 

IOHK’s Charles Hoskinson Slams Governments for Market Turmoil; Claims Crypto Can Provide Solutions

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The world markets have been hit hard over the last few weeks, with Coronavirus taking a toll on citizens and stocks crashing like no tomorrow. Several supporters have openly stated that if policymakers do not respond early, we would all have hit a devastating tipping point in history.

In a recent video, Charles Hoskinson, the CEO of IOHK Foundation spoke about how the cryptocurrency market could survive world pandemics and did not need a governing body that could make irrational decisions. 

Charles Hoskinson said there was a lot going on in the world right now, while at the same time, banking systems just couldn’t keep up with that demand. He acknowledged that the increasing credit system was the cause for the rising debt, referring to the $4.5 trillion gargantuan debt accrued by the United States. The country has been on the slippery slope with increased rate cuts which were even endorsed by the government.

 

YouTube video

The IOHK CEO opined that everyone was waiting for something to save them without thinking about the consequences of their actions. He said:

“Japan was looking at the Olympics to boost its economy but now look what happened. With the spread of the Coronavirus, the tourism industry has taken a drastic hit which will in turn affect the rate of returns. This was a result of nothing being done about earlier warnings as pandemics were considered a last priority. It’s pathetic that governments cannot agree on basic things like when and where to administer vaccines.”

According to Hoskinson, there were several examples as to why institutions would fail in the 21st century. He added that the cryptocurrency market did not depend on just the price of Bitcoin or a volume increase. The entire market was devoted to creating an ecosystem where users can transact and move capital easily without air gripped regulator, said Hoskinson. The Cardano proponent emphasized on that point by claiming the industry would not require any notary, CEOs or officiating regulators.

Charles Hoskinson passionately pointed to the lack of impact wars or disasters would have on the cryptocurrency industry. As a staunch supporter of new innovative technologies, he has always picked at the hypocrisy of regulatory bodies. In his words, it was much safer to build new technologies on the cryptocurrency industry as it was immune to governmental decisions or other forms of attacks.

At the moment, there were are over 3000 cryptocurrencies that had multiple use cases. Hoskinson said that over the next five years, the winner of the crypto race will definitely be an asset that would surpass the rest on all aspects. All the current systems can be improved upon and will prove decisive to the build-up of a better financial ecosystem.

Charles Hoskinson also spoke about real world applications like the Brave browser, which was one of the fastest-growing browsers on the planet right now. The control that people have with cryptocurrencies was something that Hoskinson lauded. The current price movement was seen as a correction for earlier market systems with many waiting for a bullish rise.