Cantor Fitzgerald, a worldwide financial service provider that specializes in investment banking, announces the launch of a company aimed at offering leverage to institutional Bitcoin (BTC) investors.
According to a new press releaseThe new Bitcoin finance activities of the company have successfully carried out its first transactions.
The Bitcoin financing activities of Cantor expects to make $ 2 billion in financing available in its introductory phase to offer leverage to institutional BTC investors.
Says Cantor Fitzgerald -chairman Brandon Lutnick of the new business company,
“In the beginning, Cantor acknowledged that the transformative impact digital assets would have financial services on the global economy.
This performance emphasizes how the combination of Cantor’s deep expertise and entrepreneurial spirit creates a clear advantage on Wall Street and solidifies our position as a leading investment bank for crypto and digital assets customers. “
Cantor works together with Anchorage Digital and Copper.co as Custodians of Digital Asset on the business company.
Comments Cantor’s co-chief executive officer and worldwide head of fixed-income income, Christian Wall,
“These transactions mark a milestone for Cantor and the traditional financial industry and show how innovative institutional expertise can unlock capital and deliver advanced financing solutions for institutional Bitcoin investors.
Institutions that hold Bitcoin want to broaden their access to various sources of financing, and we are pleased to support their liquidity needs to help them stimulate growth and success in the long term. “
Institutional investors only deposited $ 2.9 billion in Bitcoin products last week, according to Coinshares.
BTC is worth $ 110,253 at the time of writing, an increase of 5% in the past week.
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Featured image: Shutterstock/Nextmarsmedia