Cantor Fitzgerald taps Anchorage, Copper for $2b Bitcoin financing push

Cantor Fitzgerald, a leading financial service company based in the United States, has chosen Anchorage Digital and Copper.co as launch partners for its Bitcoin financing company which will soon be launched.

Cantor, whose suite of products and services includes the investment bank, asset management, capital markets and digital assets, announced its collaboration with Digital Anchorage and Copper via a press release March 11.

This decision comes a few months after the former general office of the company and president Howard Lunick revealed plans for a bitcoin (BTC) Financing company. In particular, Lutnick disclosed plans For the BTC activity in July at the Bitcoin 2024 conference in Nashville, Tennessee.

While Lutnick has since joined the administration of President Donald Trump, Cantor Fitzgerald takes forward with the initiative, confirming initial funding of $ 2 billion for the new BTC financing company.

In this partnership, Digital Anchorage and COPPER will serve as guarantee managers and guards. Cantor aims to extend the lever effect to institutional customers holding Bitcoin.

“We are delighted to associate ourselves with Anchorage Digital and Copper, whose state -of -the -art security solutions will help us to provide the best digital assets to our customers,” said Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, in a press release.

Cunningham has confirmed that the company will launch its new BTC company with a first billion dollars before considerably increased this amount as the company is developing. Nathan McCauley, managing director and co-founder of Digital Anchorage, added:

“Our partnership marks a major step for the Bitcoin financing ecosystem – built on the security and security of digital assets regulated by the federal government. By combining the best of traditional finance with the best of crypto, we widen the horizon of what is possible for Bitcoin institutions. »»

Cantor finished $ 13.2 billion In assets under management and is one of the companies adopting a proactive approach to support Bitcoin and the wider ecosystem.