Cantor Fitzgerald Partners with Anchorage and Copper for $2B Bitcoin Financing Push

Cantor Fitzgerald, a prominent financial services firm in the United States, has partnered with Anchorage Digital and Copper.co to launch a new Bitcoin financing business, with an initial funding of $2 billion. This move comes a few months after Howard Lutnick, the firm’s former CEO and chairman, revealed plans for a Bitcoin financing business during the Bitcoin 2024 conference in Nashville, Tennessee.

The collaboration with Anchorage Digital and Copper is aimed at providing custody and collateral management services to institutional clients holding Bitcoin, allowing them to access leverage. As part of the partnership, Anchorage Digital and Copper will manage and secure the Bitcoin assets through their industry-leading security solutions.

Michael Cunningham, the head of Bitcoin financing at Cantor Fitzgerald, expressed enthusiasm about the partnership, emphasizing the importance of security and digital asset custody for clients. The initial launch will be backed by $2 billion, but Cantor Fitzgerald plans to significantly expand this amount as the business grows.

Nathan McCauley, CEO and co-founder of Anchorage Digital, highlighted that the partnership represents a significant development in the Bitcoin financing ecosystem. By combining the strengths of traditional finance with crypto, the partnership aims to create new opportunities for institutions in the Bitcoin space while ensuring the safety and security of their assets.

Cantor Fitzgerald, which manages over $13.2 billion in assets, continues to take a proactive stance in supporting Bitcoin and the broader cryptocurrency ecosystem. This move to establish a Bitcoin financing business further solidifies its commitment to digital assets and their integration with traditional financial markets.