B2C2, the institutional crypto liquidity provider acquired by Japanese SBI, has launched a new platform designed to
simplify cross-chain stablecoin transfers and reduce operational risks. The aim is to provide continuous liquidity across major digital assets through the new offering.
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PENNY Targets Stablecoin Fragmentation
According to the company, the growing number of
stablecoins and blockchains has made liquidity management complex for banks,
payment firms, and exchanges.
Dubbed PENNY, the new service allows institutions to
swap stablecoins instantly, reportedly without fees. It supports automatic swaps
between six major stablecoins, USDT, USDC, USDG, RLUSD, PYUSD, and AUSD, on
Ethereum, Tron, Solana, and Layer-2 networks.
The platform executes trades and settles them
simultaneously on-chain, cutting counterparty and operational risks. It runs
24/7 and plans to add support for additional stablecoins based on market
demand.
“PENNY is a strategic step forward for B2C2,” commented Thomas Restout, Group CEO. “Stablecoins have outgrown the crypto trading use case. As traditional financial institutions and corporates increasingly adopt stablecoin payment rails, PENNY offers them valuable infrastructure for real-time execution and settlement, without the risks of network fragmentation or the friction and high costs of trading on exchanges.”
B2C2’s Market Role
Regulatory clarity in the US, EU, and Asia has
encouraged banks and fintechs to explore stablecoins for payments and treasury
operations. Citigroup projects the market could rise from $300 billion in 2025
to $4 trillion by 2030.
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Founded in 2015, B2C2 has facilitated $2 trillion in
digital asset trading and processes $1 billion in stablecoins daily. Its global network spans regulated entities across the
Americas, Europe, and APAC. The majority of the firm is owned by the Japanese financial group SBI, which provides 24/7 execution and institutional-grade pricing.
PENNY positions B2C2 to support a growing
institutional demand for fast, low-risk stablecoin transfers and cross-chain
liquidity.
More recently, Japan’s SBI Securities introduced cryptocurrency contracts for difference (CFDs), marking its first crypto
offering on the platform. The broker, traditionally focused on mainstream
assets, now provides CFDs on major digital currencies, including Bitcoin,
Ethereum, XRP, Solana, and Dogecoin, with trading available over the weekend.
To support the new service, SBI Securities appointed B2C2 as
its primary liquidity provider for crypto CFDs. SBI Securities is part of the
wider SBI Group, which owns a 90% stake in B2C2. Crypto CFDs allow traders to
speculate on price movements with leverage, taking long or short positions
without owning the underlying assets, eliminating the need for custody.
This article was written by Jared Kirui at www.financemagnates.com.
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