B2C2, a provider of institutional liquidity for digital assets, announced an integration of OpenPayd’s embedded finance tools into its instant settlement network. According to the release, the partnership aims to simplify fiat currency transactions for B2C2’s clients in trade settlementprocesses.
Fiat-Crypto Transaction Facilitated
B2C2, a digital asset trading firm backed by Japan’s SBI Holdings, offers institutional clients liquidity across various market conditions. OpenPayd, a Banking-as-a-Service (BaaS) platform, provides global payment capabilities aimed at reducing friction in traditional banking.
“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.”
B2C2 Partners with OpenPayd to Expand Its Global Instant Settlement NetworkRead more: https://t.co/EERXMNflTv#B2C2 #OpenPayd #InstantSettlement #GlobalNetwork #finance #fintech #FinancialIT
— Financial IT (@financialit_net) October 28, 2024
Meanwhile, B2C2 has expanded its executive team by appointing Cactus Raazi as the Chief Executive Officer of its US unit, as reported by Finance Magnates. He will be located in the company's New Jersey office and will report directly to the Group CEO, Thomas Restout.
OpenPayd Supports Crypto Settlement
Through this integration, B2C2’s clients gain simplified onboarding with OpenPayd, multi-currency account access, and instant third-party payment functionality.
“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.”
This article was written by Tareq Sikder at www.financemagnates.com.
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