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- 📢 Exclusive on Gate Square — #PROVE Creative Contest# is Now Live!
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Cantor completed the first Bitcoin financing transaction with Maple and FalconX
Gate News bot message, Wall Street firm Cantor Fitzgerald announced on Tuesday that its new "Bitcoin Financing Business" has completed its first transactions.
The company plans to initially offer up to $2 billion in financing to institutional clients and stated that it has completed its first transactions with Maple Finance and FalconX.
Cantor stated that it is using Anchorage Digital and Copper.co to provide custody services.
In April, the Financial Times reported that Cantor Fitzgerald was collaborating with SoftBank, Tether, and Bitfinex to launch a $3 billion Bitcoin investment project.
The current chairman of Cantor is Howard Lutnick's son, the former CEO of the company, who has stepped down to serve as the U.S. Secretary of Commerce under the Trump administration.
Source: The Block