EddieJayonCrypto
12 Mar 25
Cantor Fitzgerald plans to utilize crypto platforms Anchorage Digital and Copper for its Bitcoin financing business, aiming to safeguard clients' digital assets as collateral managers and custodians. The firm's Head of Bitcoin Financing, Michael Cunningham, stated that the new service is expected to...
Cantor Fitzgerald has partnered with Anchorage Digital and Copper for its Bitcoin financing business, focusing on safeguarding digital assets as collateral managers and custodians. The firm's Head of Bitcoin Financing, Michael Cunningham, anticipates the debut of the new service with $2 billion in initial financing, aiming to provide leverage to Bitcoin investors. This move comes amidst leading crypto firms scaling back associated services following high-profile collapses in 2022.
Anchorage Digital and Copper, chosen partners for Cantor Fitzgerald, are well-connected in the institutional crypto scene, providing custody, settlement, and trading solutions for digital assets. Regulatory approvals from the New York Department of Financial Services and federal charter from the Office of the Comptroller of the Currency underscore the institutional credibility of the partnering firms.
Cantor Fitzgerald plans to utilize crypto platforms Anchorage Digital and Copper for its Bitcoin financing business, aiming to safeguard clients' digital assets as collateral managers and custodians. The firm's Head of Bitcoin Financing, Michael Cunningham, stated that the new service is expected to launch with $2 billion in initial financing.