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The firm will be looking to work with Bitcoin custodians.
Howard Lutnick
Inter-dealer broker Cantor Fitzgerald has plans to launch a Bitcoin financing business in an effort to help investors leverage their Bitcoin.
“The firm will launch with $2 billion in initial financing and will continue to substantially grow the operation,” according to the initial announcement. “To launch the effort, Cantor Fitzgerald will partner with select Bitcoin custodians.”
“Cantor Fitzgerald arranges and finances vast amounts of securities and commodities and, as strong supporters of Bitcoin, will now build an incredible platform to support Bitcoin investors’ financing needs,” says Howard Lutnick, chairman of Cantor Fitzgerald, in a prepared statement.
Cantor Fitzgerald, which has more than 12,000 employees, encompasses Cantor Fitzgerald & Co. an investment bank that engages in fixed income, equities, capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, commercial real estate, and infrastructure, officials say. The investment bank serves more than 5,000 institutional clients around the world.
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