$2 billion in initial funding is available, with significant growth expected thereafter.
Chairman Howard Lutnick makes announcement at Bitcoin 2024 in Nashville, Tennessee
NEW YORK, July 27, 2024 /PRNewswire/ — Cantor Fitzgerald, a leading global financial services firm, today announced plans to launch a bitcoin lending business that will provide leverage to investors who hold bitcoin. The company will launch with an initial capital of $2 billion and plans to continue to significantly scale its operations.
“Cantor Fitzgerald arranges and finances a vast amount of securities and products, and as a strong supporter of Bitcoin, it will build an incredible platform to support the financing needs of Bitcoin investors,” said Howard Lutnick, chairman of Cantor Fitzgerald. “We are excited to unlock Bitcoin’s full potential and continue to bridge the gap between traditional finance and digital assets.”
To launch the initiative, Cantor Fitzgerald will partner with select bitcoin custodians.
About the Cantor Fitzgerald LP
With more than 12,000 employees, Cantor Fitzgerald is a leading global financial services group at the forefront of financial and technological innovation, and has been a proven, resilient leader for over 79 years. Cantor Fitzgerald & Co. is a prominent investment bank serving more than 5,000 institutional investors worldwide and is known for its strengths in fixed income, equity, capital markets, investment banking, SPAC underwriting and PIPE placements, prime brokerage, commercial real estate, infrastructure and a global distribution platform. Cantor Fitzgerald & Co. is one of 24 primary dealers authorized to do business with the Federal Reserve Bank of New York.
Howard W. Lutnick, Chairman and Chief Executive Officer, leads Cantor Fitzgerald, LP, the parent company of Cantor Fitzgerald & Co.
Source: Cantor Fitzgerald, LP
