Founder, B2c
Search every verified Max Boonen interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Max Boonen, founder of the crypto market maker B2C2 and the tokenization firm PV01, has been active in discussing the state of the crypto market and his work on bringing traditional finance practices to blockchain. In a November 2024 interview, Boonen stated that he founded B2C2 in 2015 and PV01, a newer business that specializes in tokenizing U.S. Treasuries and corporate bonds on the blockchain. He described developing a legal framework so that the tokens issued are legally bonds under English law, with an SPV holding the actual Treasury bill. Boonen also commented on the crypto market's liquidity, stating that if Bitcoin were accounted for in BIS volumes it would be around the number 10 currency, and that accusations of market manipulation amount to "noise." Boonen has also discussed the need for transparency and improved credit market practices in crypto, particularly in the wake of the Three Arrows Capital and Genesis collapses. In a 2022 interview, he stated that the old bilateral credit market was opaque and that putting bonds on-chain prevents that because issuance and holders are transparent and transferable. He has expressed skepticism about regulation, stating that "regulators are not going to save us" and that he believes more in private market solutions. Boonen has also commented on macroeconomic trends, stating in 2023 that the Federal Reserve is not going to stop just because asset prices are going down, and that the "Greenspan put" may be gone. He has suggested that predatory taxation and the deterioration of government finances could be a future catalyst driving people to protect wealth in crypto.
“What I do with blockchain specifically is I'm the founder of two crypto businesses: B2C2, one of the market makers in the space now owned by SBI in Japan, and PV1 which specializes in tokenization — we put US Treasuries on the blockchain and are starting to work on corporate bonds.”
“I used to be an interest rates trader at Goldman Sachs in London and in 2015 I quit to do crypto full-time after trading crypto since around 2013.”
“We developed a legal framework so the tokens we issue are legally bonds under English law — when you invest the token you get back a bond in digital form via an SPV that buys the actual US Treasury bill and holds it.”
“The old bilateral credit market in crypto was opaque — when Three Arrows defaulted no one realized how much they'd borrowed; putting bonds on-chain prevents that because issuance and holders are transparent and transferable.”
“I found it infuriating to learn that in Canada bank accounts of some protesters were seized; I fear taxation and state control in Europe may get worse and that we'll see more breaches of principles around citizens' control of wealth — crypto and privacy-enhanced tech will have a role to play.”
“Privacy coins like Monero and Zcash have been delisted from many platforms because crypto companies struck deals with regulators that required renouncing those assets — we've taken steps back on privacy but it will come back with a vengeance.”
“Maximum (miner) extractable value creates strange incentives where firms effectively bribe miners to include their transactions first; that adds a layer of complexity and feels a bit like bribery, which I'm not comfortable with.”
“Our industry focuses too much on get-rich-quick schemes and not enough on improving financial access and cutting fees — if we want mass adoption we should make small, marginal improvements for typical investors rather than just being a casino.”
“Hi everyone and thank you for coming in so early, my name is Max. I run a small company called PV1 — we put government bonds and soon corporate bonds on the blockchain. Before that I founded B2C2, one of the main dealers and market makers in the space, and before that I was an interest rates trader.”
“The crypto market is extremely liquid — if Bitcoin were accounted for in BIS volumes it would have been around the number 10 currency. In fact, compared to oil ETFs, Bitcoin can be more liquid.”
“All markets that operate on an exchange model are winner-takes-all or oligopolies — the fastest, the smartest just take. AMMs are different because everyone participates in a pool, but generally markets attract a few large players and remain efficient.”
“I've been in crypto for 11 years and maybe even before; people keep saying the price is manipulated by whales or China, but in 11 years no one has ever been able to explain to us what the manipulation trick actually is. The accusations of manipulation in the crypto market simply amount to noise.”
“An algorithm is automation — imagine what a human would do and automate it; that doesn't change the intuition. There have been predatory algorithmic moves — for example, Alameda allegedly placed large sell orders and deep bids when Binance launched futures in 2019, exploiting API leaks — so algorithmic manipulation has...”
“Regulation is expensive and often benefits incumbents; when I started B2C2 in 2015 I did it with less than a million dollars, today you can't start a market maker with less than $50 million. The cost of regulation is insane and creates a huge barrier to entry.”
“Tokens that represent treasuries on-chain — you can get risk-free yield — are effectively securities, which makes them almost impossible to sell to retail because of securities laws. It's crazy: you can buy extremely risky stocks on retail apps, yet selling tokenized US treasuries to retail is essentially impossible.”
In the 154th BlockTalks we speak with Max Boonen, founder of PV01, who explains how TradFi practices can benefit the Crypto ...
Sonia Shaw (President, CoinW), Max Boonen (Founder, B2C2 & PV01), and Martins Benkitis (CEO, Gravity Team) dived into the ...
In the wake of the recent Fed decision to leave rates unchanged, Kitco News reporter Matt Nesto sat down with Max Boonen, a former fixed-income trader for Goldman Sachs turned founder of blockchain bond shop PV01, to discuss why markets have been wrong on the economy, future rate increases and the impact they’re likely to have on housing and consumer confidence. Oasis Pro Capital Markets. Evolved. Learn more about Oasis Pro’s services here 👉 https://www.oasispromarkets.com LinkedIn: / oasisproinc X (formerly Twitter): @Oasis_Pro_ ( / oasis_pro_ ) Follow Matt Nesto on X (formerly Twitte…
Max Boonen, Arnaud Caudoux, Yacine Farouk Moderator: Raphael Bloch (Editor-in-Chief at The Big Whale) June 2023 ...
This week Jmo was joined by the founder of B2C2 Max Boonen, to talk about his new project, PV01 (https://www.pv0.one). Learn how Max plans to take bonds on-chain, why he thinks there will be an appetite for high quality debt and plenty of spicy crypto-related commentary. Check out PV01 - https://www.pv0.one Follow Max on Twitter - / maxboonen Jmo on Twitter - / cuntycakes123 Andreas on Twitter - / abrkn Shitcoin.com on Twitter - / shitcoindotcom Social links - https://linktr.ee/shitcoindotcom Remember to sign up for the Shitcoin.com Newsletter. The best crypto round-up, del…
B2C2 founder Max Boonen discusses the offer, lessons learned, and outlook for the crypto markets as the FTX fallout continues to ...... to be a market for this as well interesting way to wrap up there Max thank you so much that was b2c2 founder Max boonen.
Market makers in crypto are wildly misunderstood, as is the manner in which huge players trade. In this episode, Max Boonen, the founder of B2C2, explained the importance of market makers, and how their services and liquidity make the market more efficient. He broke down the reality of how whales trade, their actual impact, and how they are making money. Max also shared an incredible story on how whales once moved the market, one of my favorite anecdotes ever shared on the show. This conversation sheds a positive light on a powerful force in crypto that makes our market efficient for all playe…
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TechnicalRoundup is sponsored by Blockfolio Visit Blockfolio: https://blockfolio.com/ ------------------------------------- GUEST DETAILS Max Boonen (@MaxBoonen) is co-founder of B2C2, one of the largest electronic market making firms in the cryptocurrency space. Twitter: / maxboonen ------------------------------------- TIMESTAMPS 00:00 - 07:22 - Introduction to Max and B2C2 07:23 - 10:45 - Normal Day at an Electronic Market Making Firm 10:46 - 13:17 - Open Access to Data in Cryptocurrency Trading 13:18 - 16:56 - What is a Market Maker? Dispelling Common Myths 16:57 - 23:35 - Alpha Le…
//In Conversation With Segment of EP11 Coinscrum Crypto Market Podcast - Streamed live on 07/09/2020 //Segment Overview:: B2C2 launched in 2015 as an electronic market maker providing liquidity to exchanges like Coinbase, Bitstamp, etc. In 2016, the team decided to make an aggressive entry into the OTC markets with a focus on being electronic. That part of the business has grown faster than the rest of the industry. They were the first player to get into the Japanese market in a big way and signed on big broker names like GMO to trade. They hired a Goldman Sachs alum to run the business from…
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