Cantor's First Bitcoin Deals with Maple & FalconX 🚀
Cantor Fitzgerald announced the successful completion of the initial transactions of its new Bitcoin Financing Business. The Wall Street titan plans to offer up to $2 billion for institutional clients, having initiated agreements with Maple Finance and FalconX. Chairman Brandon Lutnick lauded the strategic move by emphasizing Cantor’s unique position in marrying expertise with innovation to cater to digital asset clientele. Maple Finance CEO, Sidney Powell, highlighted that the collaboration boosts their service range for digital asset market access. FalconX’s Josh Barkhordar pointed out the critical development in creating robust credit infrastructure in crypto. Cantor uses Anchorage Digital and Copper.co for custodial services. This announcement reflects Cantor Fitzgerald’s broader $3 billion Bitcoin project aspirations, as previously reported. The push into crypto underscores the firm's pioneering stance in financial markets.
FAQ
❓ What is Cantor Fitzgerald's Bitcoin Financing Business?
It's an initiative to provide up to $2 billion in financing to institutional clients entering the crypto market.
❓ Who are Cantor's partners in these first deals?
Cantor's first deals were with Maple Finance and FalconX.
❓ What custodial services does Cantor use?
Cantor employs Anchorage Digital and Copper.co for custodial services.