Well, folks, it seems Cantor Fitzgerald, that bigwig financial services outfit from the good ol’ U.S. of A., has decided to dive headfirst into the Bitcoin pool. And who’s joining them for this splashy adventure? None other than Anchorage Digital and Copper.co. 🎪
Now, Cantor, which dabbles in everything from investment banking to digital assets, made this grand announcement on March 11. Because, you know, nothing says “serious business” like a press release. 📰
This whole shebang started a few months back when Howard Lutnick, Cantor’s former CEO and chairman, decided to spill the beans about a Bitcoin financing business at the Bitcoin 2024 conference in Nashville, Tennessee. 🎤 And just when you thought Lutnick was out of the picture, he’s off to join President Donald Trump’s administration. Talk about a plot twist! 🎭
But fear not, Cantor is charging ahead with this Bitcoin bonanza, kicking things off with a cool $2 billion. That’s right, billion with a “B.” 💰
In this partnership, Anchorage Digital and Copper will be the collateral managers and custodians. Basically, they’re the babysitters for all that Bitcoin. Cantor’s plan? To give institutional customers a little leverage with their Bitcoin holdings. Because who doesn’t love a good financial gamble? 🎲
“We are thrilled to partner with Anchorage Digital and Copper, whose industry-leading security solutions will help us deliver best-in-class digital asset custody services to our clients,” said Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald. 🎉
Cunningham also mentioned that they’re starting with $2 billion but plan to crank that number up as the business grows. Nathan McCauley, CEO and co-founder of Anchorage Digital, chimed in with:
“Our partnership marks a major step forward for the Bitcoin financing ecosystem—built on the safety and security of federally regulated digital asset custody. By combining the best of traditional finance with the best of crypto, we are expanding the horizon of what is possible for institutions in Bitcoin.” 🌅
With over $13.2 billion in assets under management, Cantor is one of the few companies bold enough to take a proactive approach to support Bitcoin and the broader ecosystem. 🚀
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2025-03-11 17:15