Cantor fitzgerald Teams Up with Anchorage Digital and Copper for Bitcoin Financing
Cantor Fitzgerald, a prominent U.S. financial services firm, has chosen Anchorage Digital and Copper.co as partners for it’s upcoming Bitcoin financing venture. This collaboration was announced in a press release on March 11.
Teh decision follows Cantor’s former CEO, Howard Lutnick, who unveiled plans for a Bitcoin financing business at the Bitcoin 2024 conference in July.Even though Lutnick has as joined President Donald Trump’s management, Cantor Fitzgerald is moving forward with the initiative. The company has secured an initial $2 billion for the new BTC financing business.
Anchorage Digital and Copper will act as collateral managers and custodians. Cantor aims to provide leverage to institutional clients holding Bitcoin. Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, stated, “We are excited to work with Anchorage Digital and Copper. Their top-notch security will help us offer top-tier digital asset custody services.”
Cunningham confirmed that the venture will start with $2 billion,with plans to increase this amount as the business grows. Nathan McCauley,CEO of Anchorage digital,noted,”This partnership is a meaningful step for the Bitcoin financing ecosystem. It combines traditional finance with crypto, expanding possibilities for institutions.”
Cantor Fitzgerald manages over $13.2 billion in assets and is actively supporting Bitcoin and the broader crypto ecosystem.
