Tether custodian Cantor Fitzgerald: Will open Bitcoin financing business

This site (120bTC.coM): Cantor Fitzgerald, a financial services company and custodian of stablecoin issuer Tether, announced at the recent Bitcoin Conference that it will open a Bitcoin financing business to provide Bitcoins in need The company provides an initial financing line worth US$2 billion.

CEO Howard Lutnick: Welcome Bitcoin to the global financing market

Cantor Fitzgerald CEO Howard Lutnick revealed at the Bitcoin Conference (Bitcoin2024) on Saturday that it plans to launch a Bitcoin financing business, saying that it will hold Bitcoins Investors provide leverage benefits: Cantor Fitzgerald has funded a large number of securities and commodities, and as a staunch supporter of Bitcoin, it will now establish a new platform to support the financing needs of Bitcoin investors.

It is reported that the initial financing amount is US$2 billion, and the amount will be increased by US$2 billion each time as needed.

Lutnick welcomed Bitcoin into the global financial financing market in his speech: We are pleased to help unlock the full potential of Bitcoin and continue to narrow the gap between traditional finance and digital assets.

And added, "In order to start this work, we are also looking to cooperate with Bitcoin custodians."

Cantor Fitzgerald has long been a participant in the crypto field

As one of the largest bond brokerage firms on Wall Street, Cantor Fitzgerald is not only A top investment bank specializing in fixed income, stocks and commercial real estate; it is also active in the crypto industry as the custodian of stablecoin issuer Tether.

In addition to claiming that the company has a large amount of Bitcoin, Lutnick has also conducted U.S. Treasury bond transactions with Tether and endorsed it to the public earlier this year, emphasizing that Tether does have the excess reserves of USDT assets it claims.

In April this year, he also expressed his support for stablecoins, emphasizing that they would increase demand for U.S. Treasury bonds, provide more U.S. dollar liquidity, and consolidate the global dominance of the U.S. dollar.

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