- Cantor Fitzgerald is looking to launch a Bitcoin finance business with an initial capital of $2 billion.
- The CEO of the financial services giant announced the plan at Bitcoin 2024.
- Cantor Fitzgerald will be partnering with leading Bitcoin custody platforms to provide leverage to investors holding BTC.
Cantor Fitzgerald, a global financial services firm headquartered in New York, will invest an initial $2 billion in a new Bitcoin finance business, the company’s CEO Howard Rutnick announced at Bitcoin 2024.
The company confirmed the plan in a press release.
Cantor Fitzgerald Takes Note of BTC Fundraising Project
According to details from Cantor Fitzgerald CEO and a press release, the new business venture will provide leverage to investors who hold Bitcoin. The company will invest more in the fundraising platform after an initial $2 billion investment.
“We are excited to help unleash the full potential of Bitcoin and bridge the gap between traditional finance and digital assets,” Rootnick said in a statement.
At Bitcoin 2024, the Cantor Fitzgerald executive said his company would bring its flagship digital asset to the global financial markets. He added that the company was ready to work with the market’s leading custodians.
Rootnick also revealed that Cantor Fitzgerald owns Bitcoin and personally holds significant cryptocurrency holdings.
Just in: $13.2 billion Cantor Fitzgerald CEO says he’s “a huge amount” of #bitcoin” pic.twitter.com/Ei9mmNUwlF
— Bitcoin Magazine (@BitcoinMagazine) July 27, 2024
“I believe that Bitcoin should be freely traded anywhere in the world, just like gold,” he said at Bitcoin 2024. “And as the world’s largest wholesaler, we will do everything we can to make that happen.”
Cantor Fitzgerald was founded in 1945 and has grown to become one of the world’s leading financial services providers.
The company provides services including investment banking, equity research, capital markets, asset management and prime brokerage.