Cantor Fitzgerald Launches $2B Bitcoin (BTC) Financing Business, Brings Copper, Anchorage Digital as Custodians
Cantor Fitzgerald taps Copper and Anchorage Digital to custody assets in its new bitcoin financing business
The business starts with an initial capital of $2 billion.
Christian Sandor, Helen Brown | Edited by Parikshit Mishra , 11 Mar 2025, 13:47 UTC
What you need to know:
- Cantor Fitzgerald has tapped Anchorage Digital and Copper.co to manage collateral and store assets in its new bitcoin financing business.
- Anchorage Digital, which operates the only federally regulated crypto bank in the United States, offers custody, staking, trading, management, and settlement services.
- Copper.co provides institutions with secure storage, premium service and collateral management solutions, ensuring asset protection through its security architecture.
Wall Street investment firm Cantor Fitzgerald has selected Copper and Anchorage Digital as custodians for its new bitcoin (BTC) financing venture, which aims to provide institutional investors with leverage on their bitcoin holdings, the company said on Tuesday.
“We are launching with $2 billion in initial funding and plan to significantly expand our operations in the future,” Michael Cunningham, head of bitcoin finance at Cantor Fitzgerald, said in a press release.
The financial giant announced its move to launch the business in July, stating its desire to create a platform to meet the financial needs of Bitcoin investors. Cantor Fitzgerald also manages the U.S. Treasury bond holdings of stablecoin issuer Tether, which backs the $142 billion value of the USDT stablecoin.
Former CEO Howard Lutnick currently serves as Secretary of Commerce and is a vocal supporter of BTC's integration into the traditional financial system.
