Cantor Fitzgerald Enters Bitcoin Financing

Cantor Fitzgerald LP plans to launch a Bitcoin financing company to provide leverage to investors who own the cryptocurrency, thereby deepening the investment bank's ties to the digital asset sector. For initial financing activities, the company will allocate $2 billion, as announced in a company statement on Saturday. Additionally, Cantor Fitzgerald will collaborate with selected Bitcoin custodians to efficiently implement the business. However, details regarding the partner companies or a specific timeline for the business launch have not been disclosed.