According to CryptoPotato, Cantor Fitzgerald has announced the launch of a Bitcoin financing business, providing leverage to Bitcoin investors with an initial $2 billion in funding. The announcement was made by CEO and Chairman Howard Lutnick at the Bitcoin Conference 2024. Lutnick emphasized the firm's commitment to building a robust platform for Bitcoin financing and collaborating with top custodians to support the Bitcoin ecosystem. The firm plans to increase its allocation in $2 billion increments as needed to sustain and expand the business.

In a press release dated July 27, Lutnick highlighted Cantor Fitzgerald's extensive experience in arranging and financing securities and commodities. He expressed excitement about supporting Bitcoin investors and bridging the gap between traditional finance and digital assets. The firm, which manages $13.2 billion in assets, is already a significant player on Wall Street, known for its bond brokerage and U.S. Treasury trading with Tether, the largest stablecoin issuer.

Lutnick also revealed his personal investment in Bitcoin and stated that Cantor Fitzgerald holds a substantial amount of the cryptocurrency. He expressed his enthusiasm for Bitcoin, comparing its potential to that of gold and advocating for its global trade. During his address, Lutnick defended Tether against criticisms, asserting that the firm would never associate with any entity linked to Jihad and praising Tether's strong capitalization and essential role in the cryptocurrency market.

Cantor Fitzgerald's new lending facility marks another step in its involvement in the crypto space, aiming to support Bitcoin's growth and integration into the broader financial system.