The Wall Street asset management firm, Cantor Fitzgerald, has taken advantage of Copper and Digital Anchorage as custodians for its new Bitcoin financing business (BTC), whose objective is to provide institutional investors leveraging their Bitcoin holdings, the firm said on Tuesday.
“We are launching with $ 2 billion in initial financing and we hope to grow substantially the operation over time,” said Michael Cunningham, Chief of Financing of Bitcoin at Cantor Fitzgerald, in a press release.
The Wall Street giant announced his plan to launch the business in July, saying that he wanted to build a platform to support the financing needs of Bitcoin. Cantor Fitzgerald also manages the reservation of the stablecoin tether issuer of the US Treasury Bonds. UU. Which supports the value of the $ 142 billion stable.
The former CEO of the firm, Howard Lutnick, currently serves as Secretary of Commerce and has been a vocal defender of integrating BTC into traditional finances.
