In the middle of last year, Cantor Fitzgerald revealed plans to start a Bitcoin lending business. Today its former CEO Howard Lutnick is now the US Commerce Secretary. For the Bitcoin lending solution, it has partnered with two digital asset custodians, Anchorage Digital and Swiss headquartered Copper.
“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,” said Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald. “We are launching with $2 billion in initial financing and expect to substantially grow the operation over time.”
Anchorage Digital is the only federally chartered digital asset bank, receiving its charter just before the end of Trump’s previous administration. The company’s backers include Visa and KRR, and it has raised close to half a billion in funding. It will also act as collateral manager for Cantor.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
