Wall Street Asset Management Firm Cantor Fitzgerald has tapped Copper and Anchorage Digital as depotors of its new Bitcoin (BTC) financing business aimed at giving institutional investors gear on their Bitcoin Holdings, the company said Tuesday.

“We are launching with $ 2 billion in preliminary financing and expecting to essentially grow the operation over time,” said Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, in a press release.

Wall Street Giant announced his plan to launch the company in July and said it would build a platform to support Bitcoin Investors’ financing needs. Cantor Fitzgerald also administers stableecoin issuer Tether’s storage of US Treasury, supporting the value of the $ 142 billion USDT stableecoin.

The company’s former CEO Howard Lutnick is currently serving as a trade secretary and has been a vocal spokesman to integrate BTC into traditional funding.