Cantor Fitzgerald has announced a partnership with two digital asset custodians to support its Bitcoin financing business.
Anchorage Digital and Copper will serve as collateral managers for Cantor’s new Bitcoin unit, designed to provide leverage to institutional investors who hold Bitcoin.
“We are launching with $2 billion in initial financing and expect to substantially grow the operation over time,” Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, said.
“We are thrilled to partner with Anchorage Digital and Copper, whose industry-leading security solutions will help us deliver best-in-class digital asset custody services to our clients.”
Anchorage Digital is a cryptocurrency platform that allows institutions to engage in digital assets through services such as custody, staking, trading, governance, and settlement. It is also the home of the only federally chartered cryptocurrency bank in the United States.
Copper is a company specialising in digital asset infrastructure, offering secure custody, prime services, and collateral management for institutions.
“Cantor Fitzgerald and Anchorage Digital share a track record of integrating Bitcoin into the world of traditional finance,” said Nathan McCauley, CEO and co-founder of Anchorage Digital.
“Our partnership marks a major step forward for the Bitcoin financing ecosystem – built on the safety and security of federally regulated digital asset custody.
“By combining the best of traditional finance with the best of crypto, we are expanding the horizon of what is possible for institutions in Bitcoin.”
Amar Kuchinad, chief executive officer of Copper said institutional investors are increasingly looking to diversify their portfolios and identify secure routes into the digital asset market.
“This significant partnership with Cantor Fitzgerald will meet the growing demand for sophisticated financing solutions, with Copper’s lending and collateral management platform providing a complete toolkit for secure and strategic asset handling.”
