Wall Street Investment Bank Cantor said Tuesday that he has executed the first transaction of his new bitcoin
Provide business as part of the company’s plan to offer $ 2 billion in financing.
The first companies to ensure the financing of the credit line include Maple Finance, a cryptographic lender with more than $ 1.8 billion assets on their platform, and Falconx, a digital asset broker.
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.
“The institutions that have Bitcoin are looking to expand their access to various sources of financing, and we are excited to support their liquidity needs to help them boost long-term growth and success,” said Christian Wall, Co-Co-Co-Co-Co-Chief and Global Chief of Fixed Income in Cantor.
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.
