Wall Street’s asset management company, Cantor Fitzgerald, has tapped Copper and Digital Anchoration as goalkeepers for its new Bitcoin financing company (BTC), which aims to provide institutional investors with leverage on their Bitcoin holdings, the firm announced on Tuesday.
“We are launching with $ 2 billion in initial funding and we expect to considerably increase the operation over time,” said Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, in a press release.
The Wall Street giant announced its company launch plan in July, saying that it wanted to build a platform to meet the financing needs of Bitcoin investors. Cantor Fitzgerald also manages the stock of American treasures of the Stablecoin transmitter which supports the value of the $ 142 billion USDT.
The former CEO of the cabinet, Howard Lutnick, is currently a secretary of trade and has been a vocal supporter of the integration of the BTC into traditional finance.
