SBI Expands Digital Asset Reach with B2C2’s PENNY Platform

Japanese financial powerhouse SBI Group is deepening its footprint in the digital asset market through B2C2s launch of PENNY, a new platform designed to simplify cross-chain stablecoin transfers and strengthen institutional liquidity. The initiative highlights SBIs expanding role in global cryptocurrency infrastructure as it builds out a network of regulated, institutional-grade services.

PENNY addresses liquidity fragmentation caused by the growing number of stablecoins and blockchains. The platform allows instant, fee-free stablecoin swaps between USDT, USDC, USDG, RLUSD, PYUSD, and AUSD across Ethereum, Tron, Solana, and Layer-2 networks. All trades are executed and settled simultaneously on-chain, minimizing operational and counterparty risks, while operating continuously around the clock.

Thomas Restout, CEO of B2C2, described the launch as a strategic advancement aligned with SBIs digital finance vision. “Stablecoins are now integral to institutional money movement,” he said. “PENNY provides real-time execution and settlement, reducing the friction and costs caused by blockchain fragmentation.”

SBIs acquisition of B2C2 has proven instrumental in expanding its global liquidity services across digital assets. Since acquiring a majority stake, the Japanese group has integrated B2C2 into its broader financial ecosystem, which includes SBI Securities and other fintech subsidiaries focusing on crypto innovation. B2C2 currently handles over $2 trillion in digital asset trades and processes about $1 billion in stablecoin transactions daily.

The timing of PENNYs launch coincides with rising regulatory clarity across the US, Europe, and Asia—regions where SBI operates multiple regulated entities. Traditional financial institutions are increasingly exploring stablecoin applications for payments and treasury operations. Analysts at Citigroup forecast the stablecoin market to expand from $300 billion in 2025 to nearly $4 trillion by 2030, highlighting the immense institutional potential that SBI aims to capture.

SBI Securities has also entered the crypto derivatives space with the introduction of cryptocurrency contracts for difference (CFDs) on Bitcoin, Ethereum, XRP, Solana, and Dogecoin. B2C2 serves as the primary liquidity provider for these crypto CFDs, enabling leveraged trading without direct asset custody. The development underscores SBIs ambition to combine traditional financial infrastructure with innovative blockchain-based products.

Through B2C2s PENNY platform, SBI strengthens its position as a leader bridging traditional finance and digital assets, offering institutions a seamless pathway to real-time, cross-chain stablecoin liquidity and settlement.