According to PANews, several former executives of Cantor Fitzgerald have created a crypto lending platform, Tokenet, which will provide services for Bitcoin spot ETFs after they are approved. New Jersey-based Digital Prime Technologies said that Tokenet has allowed clients including Xapo Bank to lend digital assets to companies such as EDX Clearing. The platform also provides risk management tools and chat functions that allow users to manage loans. If the Bitcoin spot ETF is approved in the United States, Digital Prime expects ETF issuers to have a huge demand for borrowing Bitcoin. Digital Prime's subsidiary DLCC Prime obtained membership with the U.S. Financial Industry Regulatory Authority last year and can operate as a broker-dealer registered with the U.S. Securities and Exchange Commission (SEC). Digital Prime has received seed funding from investors such as TD Cowen Inc.