Cantor Fitzgerald has confirmed it has executed its first transactions within its Bitcoin Financing Business.
In a statement issued this week, the investment bank said it is aiming to make US $2 billion available in its initial phase to offer leverage to institutional investors who hold Bitcoin.
Cantor announced a partnership in March with digital asset custodians Anchorage Digital and Cooper.co to protect client assets with their proven security architecture.
“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,” said Christian Wall, Executive Office co-chief and global head of Fixed Income at Cantor.
“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.”
Cantor Fitzgerald announced its partnership with the two above-named digital asset custodians to support the development of its Bitcoin financing business.
In the latest statement, Brandon Lutnick, chairman of Cantor Fitzgerald said the bank recognised the transformative impact digital asset financial services would have on the global economy very early on in the cycle.
He said: “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.”
