B2C2 USHERS IN FIRST REGULATED DUAL DIGITAL ASSET INSTRUMENT, OPENING UP YIELD ENHANCEMENT TO INSTITUTIONS’ RETAIL CUSTOMERS
Innovative product will challenge unregulated defi alternatives
Tokyo, May 3rd 2022 - B2C2, a digital asset pioneer building the ecosystem of the future, today unveiled an innovative dual digital asset instrument (DDAI) that provides counterparties with a product that offers decentralised finance (defi)-like yields in a regulated centralised finance (cefi) environment.
DDAIs will initially be rolled out with one of the largest retail brokerages in Japan, and provided to their end- clients under the authorisation of the Financial Services Agency in Japan (JFSA). B2C2 will make the product available to a broad array of brokers, banks, asset managers, insurance companies, wealth managers and family offices across APAC, EMEA and the Americas.
DDAIs mark a step change in investors’ ability to diversify income streams through digital products that sit firmly within the regulatory perimeter. While digital asset investors have relied primarily on price appreciation for income growth to-date, or else yield products in the defi arena, they will now be able to access a regulated product that offers enhanced yield on their holdings.
The short dated instrument (ranging from 1-week to 1-month), which is widely used in the FX markets, joins a growing family of OTC products now available in the digital asset class - most recently B2C2’s pioneering non-deliverable forward (NDF) designed to provide traditional finance firms with access to digital assets.
Phillip Gillespie, co-CEO of B2C2, said: “This innovative product offers a unique regulated solution which we believe will see huge uptake and unlock billions of dollars of yield, further cementing B2C2’s position as the institutional partner of choice. Importantly, it will challenge unregulated alternatives by offering investors seeking yield products a safer and more efficient alternative.”
Established in 2015, B2C2 provides 24/7 liquidity to diverse institutions globally including agency OTC desks, aggregators, banks, exchanges, FX brokers and hedge funds. B2C2’s full-service offering spans spot, funding and derivatives. The firm was recently voted the preferred OTC digital asset counterparty in a PWC survey
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B2C2 is a digital asset pioneer building the ecosystem of the future.
The firm has unlocked institutional access to crypto by providing reliable liquidity across market conditions. B2C2’s success is built on crypto native technology and continuous product innovation, making it the partner of choice for diverse institutions globally.
Founded in 2015 and majority owned by Japanese financial group, SBI, B2C2 Ltd is headquartered in the UK, with offices in the US and Japan. B2C2 Ltd is registered in England and Wales under company number 07995888 with its registered office at 86-90 Paul Street, London, EC2A 4NE. B2C2 Ltd is the parent company of the B2C2 group of companies. Products may be provided by different members of the B2C2 group of companies, depending on the jurisdiction of the client and the regulatory status of the product and/or B2C2 group member. B2C2 is a registered trademark.