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

NASHVILLE — Financial services firm Cantor Fitzgerald will launch a bitcoin financing company, CEO Howard Lutnick announced Saturday at the Bitcoin Conference.

“We will start with a $2 billion facility,” Lutnick said, adding that the facility will be increased in $2 billion tranches as needed. He later added: “We will welcome Bitcoin into the financing family of global financial markets.”

According to the press release, the company will provide leverage to Bitcoin holders.

Cantor Fitzgerald’s new credit facility isn’t its first foray into crypto; it already does business with stablecoin issuer Tether. The company also has “s***loads” of bitcoin, Lutnick said.

Cantor Fitzgerald is known on Wall Street as one of the world’s largest bond brokers and currently trades U.S. Treasury bonds with Tether, the largest stablecoin issuer.