Per‐O‐benzylation of [closo‐B12(OH)12]2− (12−) using benzyl chloride followed by oxidation with two equivalents of FeIII gave compound 2, the per(benzyloxy) derivative of hypercloso‐B12H12 (see scheme). Species 2 is characterized by 11B NMR and electronic spectroscopy, mass spectrometry, cyclic voltammetry, and X‐ray crystallography.