London’s B2C2 Sets Sights on Singapore’s Digital Asset Market

London’s B2C2 Sets Sights on Singapore’s Digital Asset Market

by May 28, 2024

B2C2, a London-based provider of institutional liquidity and credit for digital assets, is expanding its presence in the Asia-Pacific region with a new offering in Singapore. This move builds on the company’s existing operations in Japan and other financial centers.

As part of this expansion, B2C2 shared that it will apply for a Major Payment Institution license from the Monetary Authority of Singapore.

Backed by the Japanese financial services group SBI, B2C2 offers credit, deep liquidity, competitive pricing, and market-leading settlement services to institutional clients.

The company has offices in London, Paris, Luxembourg, New Jersey, Tokyo, and now Singapore.

David Rogers, with 24 years of experience in digital assets and traditional finance, will lead B2C2’s expanded operations in the region as CEO Asia-Pacific.

Rogers previously served as Chief Operating Officer at an algorithmic trading and market-making firm focused on digital assets and held senior roles at State Street Global Advisors and UBS in Asia-Pacific.

Thomas Restout

Thomas Restout

Thomas Restout, Group CEO of B2C2, said,

“B2C2 has had a longstanding connection with Asia thanks to our partnership with SBI. As a leading financial centre both in the region and globally, Singapore was a logical choice for the expansion of our APAC footprint.

 

David brings a wealth of expertise to the Chief Executive role, and we look forward to supporting him in growing our operations in the region.”

David Rogers

David Rogers

David Rogers, CEO Asia-Pacific, said,

“I am thrilled to be leading B2C2’s Asia-Pacific team. The firm’s strong balance sheet, unparalleled settlement capability, and extensive pricing and credit capabilities make it the leading counterparty of choice for financial institutions globally.

 

With an already very strong APAC team, we will augment this in Singapore, which is on track to be an international hub for regulated digital asset trading. We are excited to work with regulators and partners to grow this ecosystem.”

 

Featured image credit: Edited from Freepik