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Crypto OTC Trading Platform B2C2 Launches New Bitcoin-Settled Gold Derivative

Cryptocurrency over-the-counter (OTC) trading platform B2C2 created the first gold derivative product, priced and settled in Bitcoin.

B2C2 stated that the gold-bitcoin derivative would allow institutional clients to trade gold via its OTC trading operations regulated and licensed by the United Kingdom’s Financial Conduct Authority (FCA).

Max Boonen, founder and CEO of B2C2 explained that the move for the launch of the product was due to the increasing demand from large-volume traders:

“Clients trade an ounce of gold (minimum trade size) priced in bitcoin, and the derivative is settled in bitcoin. The clients we are seeing demand from are those who have their own user base of traders and macro hedge funds.”

Boonen clarified on the benefits of the product, “the benefits of trading gold (or bitcoin) in a derivative form (synthetically) is that it’s simpler to trade than the cash underlier for a variety of operational reasons, and typically represents the majority of activity in the product/asset.

With the fear of the impact of the US-China trade war and other macroeconomic factors, the price of gold has climbed to a great degree. Boonen further explained:

“The current macro environment, dominated by uncertainty over economic growth and inflation, is prompting central banks to rethink monetary policy and market participants to reassess the likely path of interest rates. Conflicting narratives abound, fueling market activity, and we expect demand to only grow for ways to gain and manage exposure to deflationary assets such as gold and bitcoin.”

Pax Gold, which was launched recently as a gold-pegged token issued by stablecoin firm Paxos, also allows clients to settle trades in tokens. Boonen told The Block, “we are agnostic as to which of the major tokens our clients choose to use to settle their trades with us, be it Paxos Gold or another. These tokens will give them access to the underlying metal since they correspond to ownership of physical gold in vaults.”

Crypto Liquidity Provider B2C2 Acquires Woorton, Strengthening European Crypto Presence

B2C2, a prominent crypto liquidity provider catering to institutional clients worldwide and a digital asset pioneer shaping the future ecosystem, has finalized its acquisition of Woorton, a leading European entity in market making and over-the-counter transactions for the digital asset sector.

Founded in 2015 and majority-owned by the Japanese financial group, SBI, B2C2 has facilitated institutional access to cryptocurrencies by offering consistent liquidity across various market conditions. Its achievements are rooted in its crypto-native technology and continuous product innovation, with headquarters in the UK and branches in the US and Japan.

This acquisition underscores B2C2’s dedication to expanding its client base in Europe. With the forthcoming MiCA (Markets in Crypto Assets Regulation) regulations, B2C2 is poised to serve clients within the European Union jurisdiction. This move also paves the way for B2C2 to tap into client growth opportunities beyond the UK, Asia-Pacific, and the USA. A significant aspect of this acquisition is B2C2’s access to Woorton’s PSAN (prestataires de services sur actifs numériques) License, regulated by the AMF (Autorité des Marchés Financiers). This license permits B2C2 to operate within the European Union.

Established in 2017, Woorton boasts an active clientele of approximately 250 clients, trading in 96 coins with a 24/7 liquidity provision. The company has been actively engaged with regulatory bodies and co-founded ADAN (Association for the Development of Crypto-Assets). This association aims to foster dialogue between the digital asset industry and policymakers. Woorton has also played a pivotal role in initiating Paris Blockchain Week, an event that attracts over 5,000 attendees and 170 speakers globally, focusing on blockchain and digital assets.

Charlie Meraud, Woorton’s CEO, stated, “In joining forces with B2C2, we merge the unique strengths of both firms. This collaboration will offer our clients access to a more substantial liquidity pool and an enhanced market presence.”

Nicola White, B2C2’s CEO, remarked on the acquisition as a “significant milestone in B2C2’s growth journey.” She expressed enthusiasm about the potential opportunities this acquisition presents for B2C2 and its European clientele.

Thomas Restout, Head of EMEA at B2C2, highlighted Woorton’s innovative approach and its alignment with B2C2’s values and operational practices. He emphasized the synergy between the two firms, which will benefit clients in the European market.

Shiba Inu's Mysterious Founder Ryo Suzuki Explored

In a captivating series of tweets, TruthLabs (@BoringSleuth) has unveiled new details that could potentially identify the enigmatic founders of Shiba Inu ($SHIB). The tweets, dated August 31, 2023, disclose Suzuki’s connections to MIT’s Media Lab, a Microsoft internship, his advisory role and subsequent resignation from B2C2 Group, and a surprising link to Ethereum co-founder Vitalik Buterin.

The Shiba Inu project was anonymously launched in August 2020 by an individual using the alias “Ryoshi.” In statements about his own identity, Ryoshi has claimed to be an unimportant and inconsequential figure, suggesting that any attempts to reveal his true identity would ultimately prove to be unremarkable. Shiba Inu has emerged as one of the leading meme-based cryptocurrencies, having a global fan base that spans millions.

Advisors to B2C2 Group: Ryo Suzuki and Tsuyoshi Maruyama

The tweet from TruthLabs speculates that the anonymous founder “Ryoshi” could be a combination of two individuals: Ryo Suzuki and Tsuyoshi Maruyama. Both have served as advisors to B2C2 Group, a significant detail that adds a new layer to the ongoing mystery surrounding Shiba Inu’s creation. Ryo Suzuki notably resigned from his advisory role on April 27, 2021.

MIT Media Lab and High-Profile Associations

The Massachusetts Institute of Technology’s Media Lab has associations with high-profile individuals like Gary Gensler, Jeffrey Epstein, Caroline Ellison’s father and Bill Gates. Although the tweet lacks details about the purpose of Suzuki’s visit to the lab, it prompts speculation regarding possible partnerships or influences that could have contributed to the development of Shiba Inu.

Source: Twitter

Microsoft Internship and Shiba Inu’s Launch

Ryo Suzuki was an intern at Microsoft during the time Shiba Inu was launched, adding another layer of complexity to the narrative surrounding the cryptocurrency’s origins.

Source: Twitter

Advisory Role and Resignation from B2C2 Group

Ryo Suzuki and Tsuyoshi Maruyama were both advisors to B2C2 Group. Intriguingly, Suzuki resigned from his advisory role on April 27, 2021, a detail that adds further depth to the ongoing discussions about his identity and involvement in the Shiba Inu project.

Vitalik Buterin’s Involvement

A follow-up tweet from TruthLabs revealed that Vitalik Buterin was gifted half of the Shiba Inu supply. “In 2018, the first outbound ETH the Shib deployer sent made its way to a personal wallet where Vitalik also sent ETH,” the tweet stated, suggesting a deeper connection between Shiba Inu and Ethereum.

Conclusion

The tweet thread from TruthLabs introduces fresh angles to the existing discourse about the elusive creator of Shiba Inu. As this information circulates within the cryptocurrency community, it remains to be seen whether additional revelations will come to light, further illuminating the mysterious individual behind high-profile Shiba Inu.