Crypto liquidity provider and trading firm B2C2 has designated Solana as its core network for institutional stablecoin settlement. 

B2C2 will now route and settle large-scale stablecoin transactions for its institutional clients primarily on the high-throughput, scalable Layer 1 blockchain, according to an announcement on Wednesday. 

Founded in 2015, B2C2 is a purely institutional liquidity provider. While its full client list isn't publicly known, the firm has announced a slew of partnerships in recent months, including Standard Chartered bank, infrastructure firm Anchorage Digital, and crypto exchange Bitget.

This is in addition to B2C2's presumably long list of existing clients. Last year, Robinhood disclosed that B2C2 was one of its two primary crypto market makers, in an Securities and Exchange Commission filing. 

"Solana has earned its place as fundamental financial infrastructure. We're supporting real flow here because it delivers on the things that matter to our clients — speed, reliability and scale. This is where settlement is heading, " B2C2 Group CEO Thomas Restout said in the statement.  

Indeed, several major institutions have tapped Solana for their stablecoin needs. Late last year, Visa tapped the chain for USDC settlements for U.S. banks, while Mastercard, PayPal, SoFi, Western Union, and Worldpay also have Solana integrations. 

In February, Solana was the most active network for stablecoins, having notched $650 billion in transaction volume, more than double its prior monthly record. The network's stablecoin market cap roughly tripled in 2025, ending the year at around $15 billion up from just above $5 billion, according to The Block's data. 

That said, Solana still trails the leading stablecoin chains, Ethereum and Tron, by a significant margin. The Solana-to-Ethereum stablecoin market cap ratio is about 9.3%, in line where it's held over the past 12 months, according to The Block's data. 

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B2C2 noted that it will support Solana-based versions of USDC, USDT, PYUSD, USDG, USD1, EURC and FDUSD, "plus other stablecoins issued on Solana and supported by B2C2 from time to time."

Last year, the firm launched a zero-fee stablecoin swap solution for banks and other financial institutions called PENNY. The platform is designed to optimize FX, treasury management and cross-border payments.

Japan's SBI Holdings took a majority ownership position in B2C2 in 2020. The firm's co-founders Max Boonen and Flavio Molendin have since founded the Bermuda-based broker-dealer PV01.

B2C2 issued its first tokenized corporate bond on Ethereum in 2024, with support from PV01.