According to BlockBeats, on September 4, Howard Lutnick, CEO of US financial services company Cantor Fitzgerald, said that TradFi hopes to trade Bitcoin as a new asset class, but is restricted by existing US regulatory requirements.
Lutnick posted on the social platform X that if banks hold customers' Bitcoin, they must retain an equal amount of their own funds as 'margin', which is why they do not hold Bitcoin. But if the regulatory environment is favorable, all TradFi companies will rush to enter the Bitcoin field.
As CEO of Cantor Fitzgerald, Lutnick revealed that the company has a "large amount" of Bitcoin and plans to launch a $2 billion Bitcoin financing business in June this year to provide leverage to Bitcoin holders. The company has currently partnered with stablecoin issuer Tether to handle U.S. Treasury transactions.
