Cantor Fitzgerald, a leading financial services firm based in the United States, has picked Anchorage Digital and Copper.co as launch partners for its soon-to-launch Bitcoin financing business.
Cantor, whose product and service suite includes investment banking, asset management, capital markets, and digital assets, announced its collaboration with Anchorage Digital and Copper via a press release on Mar. 11.
The move comes a few months after the company’s former chief executive office and chairman Howard Lutnick revealed plans for a Bitcoin (BTC) financing business. Notably, Lutnick disclosed plans for the BTC business in July while at the Bitcoin 2024 conference in Nashville, Tennessee.
While Lutnick has since joined President Donald Trump’s administration, Cantor Fitzgerald is pressing ahead with the initiative, confirming an initial $2 billion in funding for the new BTC financing business.
In this partnership, Anchorage Digital and Copper will serve as collateral managers and custodians. Cantor aims to extend leverage to institutional customers holding Bitcoin.
“We are thrilled to partner with Anchorage Digital and Copper, whose industry-leading security solutions will help us deliver best-in-class digital asset custody services to our clients,” Michael Cunningham, head of Bitcoin financing at Cantor Fitzgerald, said in a statement.
Cunningham confirmed that the company will launch its new BTC venture with an initial $2 billion before substantially increasing this amount as the business expands. Nathan McCauley, chief executive officer and co-founder of Anchorage Digital, added:
“Our partnership marks a major step forward for the Bitcoin financing ecosystem—built on the safety and security of federally regulated digital asset custody. By combining the best of traditional finance with the best of crypto, we are expanding the horizon of what is possible for institutions in Bitcoin.”
Cantor has over $13.2 billion in assets under management and is one of the companies taking on a proactive approach to support Bitcoin and the broader ecosystem.
