Cantor Fitzgerald has announced the launch of its new bitcoin (BTC) financing business, which will kick off with an initial financing of $2 billion. The firm has partnered with Copper and Anchorage Digital to manage collateral and custody for this initiative. Anchorage Digital provides a range of services including custody, staking, trading, and settlement, operating the only federally chartered crypto bank in the U.S. Meanwhile, Copper.co offers secure custody and collateral management for institutional investors. The financing business aims to offer leverage on bitcoin holdings, catering specifically to institutional investors. Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, indicated expectations for substantial growth in the operation over time. Cantor Fitzgerald, well-known for its asset management capabilities, also manages Tether's stockpile of U.S. Treasuries backing the significant value of the USDT stablecoin. The company's previous CEO, Howard Lutnick, has advocated for the integration of bitcoin into traditional finance, reflecting a growing trend among financial institutions toward cryptocurrency engagement.

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