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 Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term, Tron, Solana, and Layer-2 networks.
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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 Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term 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.


