Cantor Fitzgerald, a global financial services firm specializing in investment banking, is announcing the launch of a business aimed at providing leverage to institutional Bitcoin (BTC) investors.
According to a new press release, the firm’s new Bitcoin Financing Business has performed its first transactions successfully.
[adinserter block="1"]Cantor’s Bitcoin Financing Business anticipates making $2 billion in financing available in its introductory phase to provide leverage to institutional BTC investors.
Says Cantor Fitzgerald Chairman Brandon Lutnick of the new business venture,
“Early on, Cantor recognized the transformative impact digital asset financial services would have on the global economy.
This achievement highlights how the combination of Cantor’s deep expertise and entrepreneurial spirit creates a distinct advantage on Wall Street and further solidifies our position as a leading investment bank for crypto and digital asset clients.”
Cantor has partnered with Anchorage Digital and Copper.co as digital asset custodians on the business venture.
Comments Cantor’s Co-Chief Executive Officer and Global Head of Fixed Income, Christian Wall,
“These transactions mark a milestone for Cantor and the traditional finance industry, and demonstrate how innovative institutional expertise can unlock capital and deliver sophisticated financing solutions for institutional Bitcoin investors.
Institutions holding Bitcoin are looking to broaden their access to diverse funding sources, and we are excited to support their liquidity needs to help them drive long-term growth and success.”
Institutional investors poured $2.9 billion into Bitcoin products last week alone, according to CoinShares.
BTC is worth $110,253 at time of writing, up 5% in the last week.
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/NextMarsMedia
