$2 billion of preliminary financing accessible with vital progress anticipated thereafter
Chairman Howard Lutnick made announcement at Bitcoin 2024 in Nashville, TN
NEW YORK, July 27, 2024 /PRNewswire/ — Cantor Fitzgerald, a number one international monetary companies agency, in the present day introduced plans to launch a Bitcoin financing enterprise to supply leverage to buyers who maintain Bitcoin. The agency will launch with $2 billion in preliminary financing and can proceed to considerably develop the operation.
“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,” mentioned Howard Lutnick, Chairman of Cantor Fitzgerald. “We are excited to help unlock Bitcoin‘s full potential and continue bridging the gap between traditional finance and digital assets.”
To launch the trouble, Cantor Fitzgerald will accomplice with choose Bitcoin custodians.
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with greater than 12,000 staff, is a number one international monetary companies group on the forefront of economic and technological innovation and has been a confirmed and resilient chief for greater than 79 years. Cantor Fitzgerald & Co. is a preeminent funding financial institution serving greater than 5,000 institutional shoppers world wide, acknowledged for its strengths in fastened earnings, equities, capital markets, funding banking, SPAC underwriting and PIPE placements, prime brokerage, industrial actual property, and infrastructure, and for its international distribution platform. Cantor Fitzgerald & Co. is one in every of 24 Major Sellers licensed to transact enterprise with the Federal Reserve Financial institution of New York.
Howard W. Lutnick, Chairman & Chief Govt Officer, leads Cantor Fitzgerald, L.P., the father or mother firm of Cantor Fitzgerald & Co.
SOURCE Cantor Fitzgerald, L.P.