$2 billion of
initial financing available with significant growth expected
thereafter
Chairman Howard
Lutnick made announcement at Bitcoin 2024 in
Nashville, TN
NEW
YORK, July 27, 2024 /PRNewswire/ -- Cantor
Fitzgerald, a leading global financial services firm, today
announced plans to launch a Bitcoin financing
business to provide leverage to investors who hold
Bitcoin. The firm will launch with $2 billion in initial financing and will continue
to substantially grow the operation.
"Cantor Fitzgerald arranges and finances vast amounts of
securities and commodities and, as strong supporters of
Bitcoin, will now build an incredible platform to
support Bitcoin investors' financing needs," said
Howard Lutnick, Chairman of
Cantor Fitzgerald. "We are excited to help unlock
Bitcoin's full potential and continue bridging the gap
between traditional finance and digital assets."
To launch the effort, Cantor Fitzgerald will partner with select
Bitcoin custodians.
About Cantor Fitzgerald, L.P.
Cantor Fitzgerald, with more than 12,000 employees, is a leading
global financial services group at the forefront of financial and
technological innovation and has been a proven and resilient leader
for more than 79 years. Cantor Fitzgerald & Co. is a preeminent
investment bank serving more than 5,000 institutional clients
around the world, recognized for its strengths in fixed income,
equities, capital markets, investment banking, SPAC underwriting
and PIPE placements, prime brokerage, commercial real estate, and
infrastructure, and for its global distribution platform. Cantor
Fitzgerald & Co. is one of 24 Primary Dealers authorized to
transact business with the Federal Reserve Bank of New York.
Howard W. Lutnick, Chairman &
Chief Executive Officer, leads Cantor Fitzgerald, L.P., the parent
company of Cantor Fitzgerald & Co.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/cantor-fitzgerald-to-launch-bitcoin-financing-business-302208093.html
SOURCE Cantor Fitzgerald, L.P.