SBI-owned market maker B2C2 explored sale talks with multiple buyers over 18 months, but valuation disagreements prevented deals from closing.
Ecosystem ·
B2C2, the crypto market maker owned by SBI Holdings, engaged in sale discussions with multiple potential buyers across an 18-month period, according to reporting by CoinDesk. The talks did not result in completed transactions, as disagreements over valuation prevented any deal from closing.
The attempted sale occurs as SBI has expanded its crypto and digital-asset footprint through acquisitions and new product launches in Japan. The group has pursued a strategy of consolidating exchange assets and building regulated financial infrastructure around crypto, amid Japan's regulatory reclassification of digital assets as financial instruments.
It remains unclear which parties engaged in the discussions with B2C2, what specific valuations were proposed, or whether the company continues to explore strategic alternatives.