- B2C2, a prominent cryptocurrency market maker and liquidity provider, has expanded its operations in the Asia-Pacific (APAC) region by opening a new office in Singapore.
- As part of its expansion strategy, B2C2 will apply for a Major Payment Institution (MPI) license under the Monetary Authority of Singapore.
- David Rogers has been appointed CEO of B2C2 Asia-Pacific, bringing 24 years of experience in digital assets and traditional finance.
B2C2 expands its footprint in the APAC region with a new office in Singapore, aiming to secure an MPI license and enhance its service offerings.
B2C2’s Strategic Expansion into Singapore
B2C2’s decision to open a new office in Singapore is a strategic move to enhance its presence in the APAC region. The firm already has a significant presence in Japan and other major financial centers. By applying for a Major Payment Institution (MPI) license under the Monetary Authority of Singapore, B2C2 aims to bolster its service offerings, including credit, deep liquidity, industry-leading pricing, and market-leading settlement for institutional clients.
Leadership and Expertise
David Rogers, appointed as the CEO of B2C2 Asia-Pacific, is set to lead the expanded operations. With 24 years of experience in both digital assets and traditional finance, and 17 years in the APAC region, Rogers brings a wealth of expertise to his role. His previous roles include Chief Operating Officer at an algorithmic trading and market-making firm and Managing Director and Head of Multi-Asset Trading, Asia-Pacific at State Street Global Advisors.
Partnership with SBI and Future Prospects
Supported by the Japanese financial services group SBI, B2C2 plans to leverage its strong balance sheet and extensive pricing and credit capabilities to become the leading counterparty for financial institutions globally. The firm’s expansion into Singapore is seen as a logical step, given the city-state’s position as a leading financial center. B2C2 aims to collaborate with regulators and partners to grow the regulated digital asset trading ecosystem in Singapore.
Conclusion
B2C2’s expansion into Singapore marks a significant milestone in its growth strategy. By securing an MPI license and enhancing its service offerings, the firm aims to solidify its position as a leading market maker and liquidity provider in the APAC region. With experienced leadership and strong support from SBI, B2C2 is well-positioned to capitalize on the growing demand for regulated digital asset trading in Singapore and beyond.
