Cantor Fitzgerald is looking to launch a Bitcoin financing business with an initial capital of $2 billion.
The financing services giant’s CEO announced the plans at Bitcoin 2024.
Cantor Fitzgerald will partner with top Bitcoin custody pltforms to offer leverage to investors that hold BTC.
Cantor Fitzgerald, a New York-based global financial services company, will invest an initial $2 billion in a new Bitcoin financing business, the firm’s CEO Howard Lutnick announced at Bitcoin 2024.
The company confirmed the plans via a press release.
Cantor Fitzgerald eyes BTC financing business
According to the Cantor Fitzgerald CEO and per details in the news release, the new business venture will offer leverage to investors holding Bitcoin. The firm will invest more into the financing platform after the initial $2 billion splash.
“We are excited to help unlock Bitcoin’s full potential and continue bridging the gap between traditional finance and digital assets,” Lutnick said in a statement.
In his comments at Bitcoin 2024, Cantor Fitzgerald exec said his firm was bringing the flagship digital asset to the global financial markets. The company is ready to work with leading custodians in the market, he added.
Lutnick also revealed that Cantor Fitzgerald owns Bitcoin and that he personally also holds the benchmark crypto asset.
JUST IN: $13.2 billion Cantor Fitzgerald CEO says they own “a shit load of #Bitcoin” pic.twitter.com/Ei9mmNUwlF
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
“My view is Bitcoin, like gold, should be free to trade everywhere in the world and as the largest wholesaler in the world we are going to do everything in our power to make it so,” he said at Bitcoin 2024.
Cantor Fitzgerald launched in 1945 and has grown into one of the world’s leading financial services providers.
The company offers access to services such as investment banking, equity research, capital markets, asset management and prime brokerage among others.