NASHVILLE — Cantor Fitzgerald, a prominent financial services firm, is set to enter the bitcoin financing sector, CEO Howard Lutnick announced at the Bitcoin Conference on Saturday.
“We are going to launch with $2 billion in lending,” Lutnick stated, adding that the facility will be expanded in $2 billion increments as needed. “We are going to welcome bitcoin into the financing family of the global financial markets,” he added.
The new business will offer leverage to bitcoin holders, according to a press release. This move is not Cantor Fitzgerald’s first foray into the cryptocurrency space; the firm already conducts business with stablecoin issuer Tether and holds a substantial amount of bitcoin.
Cantor Fitzgerald is renowned on Wall Street as one of the world’s largest bond brokerages and manages U.S. Treasury trading for Tether, the biggest stablecoin issuer.
