Wall Street Investment Bank Cantor said Tuesday that it has performed the first transaction of its new Bitcoin
lending business as part of the company’s plan to offer $ 2 billion funding.
The first companies to secure financing from the credit facility include Maple Finance, a crypto shot with over $ 1.8 billion assets on its platform, and Falconx, a digital asset mediation.
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.
“Institutions that hold Bitcoin appear to expand their access to different sources of financing, and we are pleased to support their liquidity needs to help them create long-term growth and success,” said Christian Wall, Co-Ceo and the global leader of fixed income at Cantor.
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.
