B2C2, the SBI-owned cryptocurrency market maker, has strengthened its govt group by appointing Cactus Raazi because the Chief Government Officer of its US unit. He’s primarily based within the firm’s New Jersey workplace and can report on to the Group CEO, Thomas Restout.
Implementing Methods and Constructing Relationships
The announcement at this time (Tuesday) has detailed that Raazi will lead the providing below B2C2 US. Moreover, he’ll develop and implement enterprise methods and construct relationships throughout the US and broader Americas with purchasers and different stakeholders, together with regulators.
Thomas Restout, Group CEO at B2C2
“Cactus has an distinctive monitor document in finance and expertise, and he’s subsequently completely positioned to develop the US providing to the following stage of our development,” mentioned Restout, who took over the apex position at B2C2 final January.
Finance Magnates sat down with Restout earlier, discussing a spread of matters, together with laws and the corporate’s geographical and product growth plans.
An Institutional Crypto Insider
Raazi joined B2C2 from Enhanced Digital Group, an institutional-only agency targeted on derivatives and structured merchandise, the place he was the Head of US Technique. Earlier than that, he was the Chief Income Officer at Kraus Motor Firm for 2 years. He additionally led the digital asset buying and selling platform Amber Group because the US CEO and Co-Head of Americas and was a Associate at Exos, an automatic OTC buying and selling platform.
He entered the monetary providers business in mid-1998 together with his position at Goldman Sachs, the place he spent 13 years and served because the Managing Director. He additionally had stints on the London workplaces of Nomura and the New York workplaces of Tradeweb because the Managing Director.
“Because the digital asset sector continues to mature, we see the convergence of the crypto-native and trad-fi worlds, and Cactus’ established business and regulatory relationships throughout each will ship large advantages to our purchasers and our agency,” Restout added.
Aside from the US, B2C2 additionally has a robust presence in Asia-Pacific attributable to its operations in Japan. It additionally opened a Singapore workplace to strengthen its presence in Southeast Asia.
The London-headquartered agency entered the European Union final yr by buying the French market-making agency Woorton. This allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN license issued by the AMF. To broaden its continental European presence, it obtained a digital asset service supplier registration in Luxembourg.
Within the fiscal yr that resulted in March 2024, B2C2 generated income of JPY 57.14 billion, an 88.5 p.c yearly soar. It additionally grew to become worthwhile, with a pre-tax revenue of JPY 8.4 billion. In its annual monetary report, SBI Holdings highlighted that the expansion of B2C2 was as a result of profitable implementation of its buyer base growth technique.
B2C2, the SBI-owned cryptocurrency market maker, has strengthened its govt group by appointing Cactus Raazi because the Chief Government Officer of its US unit. He’s primarily based within the firm’s New Jersey workplace and can report on to the Group CEO, Thomas Restout.
Implementing Methods and Constructing Relationships
The announcement at this time (Tuesday) has detailed that Raazi will lead the providing below B2C2 US. Moreover, he’ll develop and implement enterprise methods and construct relationships throughout the US and broader Americas with purchasers and different stakeholders, together with regulators.
Thomas Restout, Group CEO at B2C2
“Cactus has an distinctive monitor document in finance and expertise, and he’s subsequently completely positioned to develop the US providing to the following stage of our development,” mentioned Restout, who took over the apex position at B2C2 final January.
Finance Magnates sat down with Restout earlier, discussing a spread of matters, together with laws and the corporate’s geographical and product growth plans.
An Institutional Crypto Insider
Raazi joined B2C2 from Enhanced Digital Group, an institutional-only agency targeted on derivatives and structured merchandise, the place he was the Head of US Technique. Earlier than that, he was the Chief Income Officer at Kraus Motor Firm for 2 years. He additionally led the digital asset buying and selling platform Amber Group because the US CEO and Co-Head of Americas and was a Associate at Exos, an automatic OTC buying and selling platform.
He entered the monetary providers business in mid-1998 together with his position at Goldman Sachs, the place he spent 13 years and served because the Managing Director. He additionally had stints on the London workplaces of Nomura and the New York workplaces of Tradeweb because the Managing Director.
“Because the digital asset sector continues to mature, we see the convergence of the crypto-native and trad-fi worlds, and Cactus’ established business and regulatory relationships throughout each will ship large advantages to our purchasers and our agency,” Restout added.
Aside from the US, B2C2 additionally has a robust presence in Asia-Pacific attributable to its operations in Japan. It additionally opened a Singapore workplace to strengthen its presence in Southeast Asia.
The London-headquartered agency entered the European Union final yr by buying the French market-making agency Woorton. This allowed B2C2 to function within the 27-country bloc with Woorton’s PSAN license issued by the AMF. To broaden its continental European presence, it obtained a digital asset service supplier registration in Luxembourg.
Within the fiscal yr that resulted in March 2024, B2C2 generated income of JPY 57.14 billion, an 88.5 p.c yearly soar. It additionally grew to become worthwhile, with a pre-tax revenue of JPY 8.4 billion. In its annual monetary report, SBI Holdings highlighted that the expansion of B2C2 was as a result of profitable implementation of its buyer base growth technique.
