SBI-owned crypto liquidity provider B2C2 has appointed Thomas Restout as group CEO. He replaces Nicola White, who held the position at the firm since November 2022. B2C2 caters only to institutions and SBI acquired the firm in 2020 following a strategic investment earlier that year.

While White was promoted after holding the CEO role in the USA, Restout was previously B2C2 EMEA CEO. Before that, he spent seven years at Morgan Stanley as global head of macro electronic trading. That followed a four year stint at Goldman Sachs where Restout met B2C2 founder Max Boonen. As a result he was an early investor in the company.

“Thomas has been instrumental in B2C2’s progress over the past 12 months, notably with the acquisition of Woorton in France,” said Yoshitaka Kitao, Representative Director, Chairman, President & CEO of SBI Holdings. “The company will continue to thrive as an innovator dedicated to building a resilient digital assets ecosystem, providing critical, deep liquidity to institutional clients globally.”

B2C2 has headquarters in the UK with offices in Japan and the United States. In August it acquired digital asset market maker Woorton giving B2C2 a foothold in Europe. The French firm is registered as a digital asset service provider (DASP) with the Autorité des Marchés Financiers (AMF). Once the Markets in Crypto Assets Regulations (MiCAR) kick in, this will allow Woorton to offer services throughout Europe.