- Business will have $2 billion of financing at launch
- Cantor already owns a ‘shedload’ of Bitcoin: CEO Lutnick
Cantor Fitzgerald LP plans to launch a Bitcoin financing business to provide leverage to investors who own the cryptocurrency, deepening the investment bank’s growing ties to the digital assets sector.
The company will allocate $2 billion to fund the business’s lending activities at launch, the company said in a statement on Saturday. It will partner with select Bitcoin custodians to carry out the business, it added, without naming the companies or a timeframe for launch.
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