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Wall Street's Cantor Fitzgerald to Open Bitcoin Financing, Lending Business

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Danny is CoinDesk's Managing Editor for Data & Tokens. He owns BTC, ETH and SOL.

NASHVILLE — Financial services firm Cantor Fitzgerald will open a bitcoin financing business, CEO Howard Lutnick said at the Bitcoin Conference Saturday.

"We are going to launch with $2 billion in lending," Lutnick said, and increase the facility in $2 billion tranches as needed. He later added:"We are going to welcome bitcoin into the financing family of the global financial markets."Cantor Fitzgerald's new lending facility isn't its first step into crypto; It already does business with stablecoin issuer Tether. The firm additionally owns a"s***load" of bitcoin, Lutnick said.

Cantor Fitzgerald is well known on Wall Street as one of the world's biggest bond brokerages and already handles U.S. Treasury trading with the biggest stablecoin issuer, Tether.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

 

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