Cantor Fitzgerald Launches $2 Billion Bitcoin Financing Business With Anchorage Digital, Copper

Cantor Fitzgerald, a Wall Street asset management firm, has launched a new Bitcoin financing business aimed at providing leverage to institutional investors who hold Bitcoin. The business, led by Howard Lutnick, who also serves as the U.S. Secretary of Commerce, starts with $2 billion in initial financing and plans to expand over time.

Anchorage Digital and Copper have been selected as custodians and collateral managers for this new global service. These firms will help safeguard clients' digital assets, leveraging their industry-leading security solutions. Cantor Fitzgerald also manages stablecoin issuer Tether's stockpile of U.S. Treasuries.

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