Saturday, November 02, 2024
Singapore FinTech Festival | FFNews

B2C2 Partners with OpenPayd to Expand Its Global Instant Settlement Network

B2C2, a global leader in institutional liquidity for digital assets, announced today that it is adding OpenPayd’s embedded finance capabilities to its own global instant settlement network.

As a global leader in the institutional trading of digital assets B2C2 provides deep, reliable prices across all market conditions. B2C2 is owned and backed by Japanese financial services conglomerate SBI. With a strong credit profile, and an extensive regulatory footprint, B2C2 helps access the crypto market with confidence and reliability.

OpenPayd’s leading global payments and Banking-as-a-Service (BaaS) platform reduces the friction associated with traditional banking rails. Working with OpenPayd and leveraging its purpose-built embedded finance infrastructure expands B2C2’s and its clients’ ability to seamlessly send and receive fiat currency for trade settlement. B2C2 clients will also benefit from streamlined onboarding onto OpenPayd, access to multi-currency accounts, and the ability to instantly send or receive third-party payments. 

“Traditional banking networks, while reliable for traditional financial markets, are increasingly incapable of meeting the demands of the rapidly evolving digital asset sector. Today’s digital financial ecosystem requires more agility, speed, and around-the-clock functionality—traits that conventional banking models struggle to deliver” said Massimo Di Placido, Group CFO at B2C2. “By partnering with OpenPayd and integrating their embedded finance infrastructure we’re bridging the gap between traditional and digital markets, and enabling our institutional clients to move fiat currency as swiftly and effortlessly as they transfer digital assets. This collaboration enhances our best-in-class settlement infrastructure, allowing us to support our clients with 24/7/365 instant settlement across multiple currencies.”

“B2C2 is a leader within the digital asset market, committed to delivering a seamless trade execution and settlement experience for their institutional clients,” said Iana Dimitrova, CEO at OpenPayd. “OpenPayd’s resilient and scalable infrastructure combined with our easy and efficient onboarding process meets the needs of B2C2 and its trading counterparties, and we’re proud to be selected as an embedded finance partner.”

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Singapore Fintech Festival | FFNews