B2C2 Registers in Luxembourg, Appoints Head
Posted by Colin Lambert. Last updated: February 7, 2024
Crypto liquidity provider B2C2 has obtained regulatory approval to operate in Luxembourg and expand its presence in the European Union.
The firm B2C2 becomes the 12th virtual asset service provider (VASP) to be officially registered on the Commission de Surveillance du Secteur Financier’s (CSSF) public register in Luxembourg. It says the regulatory approval marks a further milestone in the company’s growth to benefit from opportunities presented by Luxembourg’s developing digital asset market.
Denzel Walters, business manager in B2C2’s London office, will lead the Luxembourg team as head of Luxembourg. Having previously worked at the Bank of England, the Prudential Regulatory Authority, and Optima Partners, B2C2 says he brings a breadth of regulatory and business knowledge and strong leadership experience to the new role.
The VASP registration will enable B2C2 to offer OTC spot crypto services to institutional clients and allow for greater opportunities to collaborate with the growing digital asset ecosystem. The registration will also provide it with enhanced opportunities to collaborate with local VASPs, traditional financial institutions, and other market participants.
The Luxembourg VASP registration comes on the back of B2C2’s recent acquisition of Woorton, a Paris based digital assets liquidity provider, as B2C2 further establishes its EU presence ahead of MiCA coming into effect.
“As B2C2 prepares for MiCA regulation to come to force, obtaining VASP registration in Luxembourg is a further milestone for B2C2, as Luxembourg is home to a rapidly expanding virtual asset community,” says Thomas Restout, group CEO of B2C2. “Our new head of Luxembourg, Denzel Walters, with his regulatory knowledge and proven experience delivering exceptional growth at B2C2 will ensure clients in Luxembourg will receive a seamless operational and trading experience”.
Walters adds, “I look forward to collaborating with and contributing to the local digital asset ecosystem. In line with our operations in the UK, US and Asia-Pacific, our office in Luxembourg will remain committed to providing unparalleled liquidity and exceptional service to our clients.”