B2C2, part of SBI Holdings, selects Solana as the primary stablecoin network for institutional clients

• Major institutional liquidity provider B2C2 will now route and settle large-scale stablecoin transactions for its institutional clients primarily through Solana.
• B2C2, a key market maker for firms such as Robinhood, recently announced partnerships with companies including Anchorage Digital, Bitget, and Standard Chartered.
• By stablecoin market capitalization, Solana still trails Ethereum and Tron despite increasing network usage.
• B2C2, a firm providing liquidity and crypto trading services, has selected Solana as its primary network for stablecoin settlements with institutional investors.

According to an announcement made on Wednesday, B2C2 will now route and settle large-scale stablecoin transactions for its institutional clients primarily on the high-performance and scalable layer-1 blockchain.

Founded in 2015, B2C2 is an exclusively institutional liquidity provider. While its full client list is undisclosed, the company has announced several partnerships in recent months, including with Standard Chartered bank, infrastructure firm Anchorage Digital, and crypto exchange Bitget.

This adds to what is believed to be a broad base of existing clients. Last year, Robinhood stated in an SEC filing that B2C2 is one of the two primary market makers in the crypto market.

“Solana has earned its place as foundational financial infrastructure. We support real flows here because it delivers what matters to our clients—speed, reliability, and scalability. This is where settlement is heading,” said B2C2 Group CEO Thomas Restout.

Indeed, several major organizations are leveraging Solana for their stablecoin operations. Late last year, Visa used the network to settle $USDC transactions for U.S. banks, while Mastercard, PayPal, SoFi, Western Union, and Worldpay have also integrated with Solana.

In February, Solana became the most active stablecoin network, reaching $650 billion in transaction volume—more than double its previous monthly record. The network’s stablecoin market capitalization roughly tripled by 2025, ending the year at around $15 billion compared to just over $5 billion previously.

Nevertheless, Solana still significantly lags behind leading stablecoin networks Ethereum and Tron. According to The Block, Solana’s market cap ratio relative to Ethereum is about 9.3%, consistent with the past 12 months.

B2C2 noted that it will support Solana-based versions of $USDC, USDT, PYUSD, USDG, USD1, EURC, and FDUSD, “as well as other stablecoins issued on Solana and periodically supported by B2C2.”

Last year, the company launched a zero-fee stablecoin exchange solution for banks and other financial institutions called PENNY. The platform is designed to optimize FX operations, treasury management, and cross-border payments.

In 2020, Japanese firm SBI Holdings acquired a controlling stake in B2C2. The company’s co-founders, Max Boonen and Flavio Molendin, have since founded PV01, a broker-dealer firm based in Bermuda.

In 2024, B2C2 issued its first tokenized corporate bonds on the Ethereum platform with support from PV01.

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#Blockchain #Solana

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