The New York-based company announced it will begin operations with $2 billion in initial financing, planning to expand significantly over time. The initiative aims to meet growing demand for bitcoin-related financial services by offering tools that allow investors to maximize their holdings. Cantor Fitzgerald will collaborate with select bitcoin custodians to facilitate the launch.
Howard Lutnick, Chairman of Cantor Fitzgerald, stated, “Cantor Fitzgerald arranges and finances vast amounts of securities and commodities and, as strong supporters of bitcoin, will now build an incredible platform to support bitcoin investors’ financing needs. We are excited to help unlock bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets.”
Cantor Fitzgerald, founded in 1945, employs over 12,000 people globally and operates in areas such as investment banking, fixed-income trading, and asset management. The firm has been a Primary Dealer authorized to transact with the Federal Reserve Bank of New York since its designation decades ago.
The financial giant has ties with Tether, holding a 5% stake valued at $600 million and serving as the primary custodian for Tether’s multi-billion-dollar reserves, mainly in U.S. Treasuries. This partnership generates tens of millions in fees annually and reportedly supports Cantor’s bitcoin-backed lending initiatives, blending traditional finance (TradFi) with cryptocurrency
The firm reported annual revenue of approximately $673.6 million, with assets under management totaling about $5 billion. Its Irish division oversees €8.2 billion in assets. This move highlights Cantor Fitzgerald’s push into digital asset markets, aligning its TradFi expertise with emerging opportunities in cryptocurrency.
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