Cantor Fitzgerald to Launch Bitcoin Financing Endeavor

Cantor Fitzgerald LP plans to launch a Bitcoin financing business to provide leverage to investors who own the cryptocurrency, deepening the investment bank’s growing ties to the digital assets sector.

The company will allocate $2 billion to fund the business’s lending activities at launch, the company said in a statement on Saturday. It will partner with select Bitcoin custodians to carry out the business, it added, without naming the companies or a timeframe for launch.