Wall Street Giant Cantor Debuts Bitcoin (BTC) Lending Business with First Tranche to Maple
Wall Street Investment Bank Cantor said on Tuesday that it had fulfilled its new bitcoin’s first transaction
Business lending as part of the company Plan to offer $ 2 billion in financing.
The first companies to secure financing from the credit facility included Maple Finance, a crypto lender with more than $ 1.8 billion possessions on its platform, and Falconxa digital asset prime brokerage.
Giant Wall Street announced its plan to launch the business in July, saying it wanted to build a platform to support the financing needs of Bitcoin investors.
“Bitcoin-holding institutions are looking to expand their access to different funding sources, and we are excited to support their liquidity needs to help them drive long-term growth and success,” said Christian Wall, Co-Co-Co and Global Head of Fixed Income in Cantor.
Cantor Fitzgerald also manages Stablecoin’s stockpile Tether of US wealth that supports the cost of $ 142 billion USDT Stablecoin. Former CEO of the company Howard Lutnick, is currently serving as Commercial Secretary and has been a voice that advocates BTC’s integration with traditional finances.
