B2C2 Taps Solana as Primary Hub for Institutional Stablecoins

• B2C2 has officially designated Solana as its primary network for institutional stablecoin settlement and routing.
• The decision follows a massive growth in Solana's stablecoin ecosystem, which reached a market capitalization of $15 billion by the end of 2024.
• The firm will support a wide range of Solana-based assets, including USDC, USDT, PYUSD, and others, to enhance transaction speed and scalability.

Strategic Shift to Solana Infrastructure

B2C2, a prominent institutional liquidity provider and a subsidiary of SBI Holdings, has announced that it will now use the Solana blockchain as its core network for large-scale stablecoin transactions. This move is designed to leverage the high-throughput and scalable nature of the Layer 1 network to meet the demands of professional clients.

B2C2 Group CEO Thomas Restout highlighted that Solana has established itself as a fundamental piece of financial infrastructure. According to Restout, the network's ability to provide speed, reliability, and scale matches the requirements of real-world institutional flows, signaling where the future of financial settlement is headed.

Growing Institutional Adoption and Network Performance

Solana's selection by B2C2 aligns with a broader trend of major financial institutions integrating the network. Global payment leaders such as Visa, Mastercard, and PayPal, alongside firms like Western Union and Worldpay, have already established Solana integrations. This institutional interest is reflected in the network's data; in February, Solana processed a record $650 billion in stablecoin transaction volume.

While Solana's stablecoin market cap grew significantly from $5 billion to $15 billion over the past year, it continues to trail market leaders Ethereum and Tron. Current data indicates the Solana-to-Ethereum stablecoin market cap ratio stands at approximately 9.3%, a figure that has remained relatively stable over the last 12 months.

Service Expansion and Global Operations

As part of this integration, B2C2 will support several Solana-based stablecoins, including USDC, USDT, PYUSD, USDG, USD1, EURC, and FDUSD. The firm also noted its capacity to add further Solana-issued tokens over time. This initiative complements B2C2's existing PENNY platform, a zero-fee stablecoin swap solution launched last year to optimize treasury management and cross-border payments for banks.

Founded in 2015, B2C2 maintains an extensive client base including Standard Chartered, Anchorage Digital, and Bitget. It also serves as a primary market maker for Robinhood. Since 2020, the firm has been under the majority ownership of Japan's SBI Holdings. Although the firm is pivoting to Solana for stablecoin settlement, it continues to operate across multiple chains, having issued its first tokenized corporate bond on Ethereum earlier in 2024.