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Cantor Fitzgerald has partnered with digital asset custodians Anchorage Digital and Copper.co to support its new global Bitcoin financing business, the financial services firm announced today.
The collaboration will enable Cantor Fitzgerald to provide leverage to institutional investors holding Bitcoin, with Anchorage Digital and Copper.co serving as collateral managers and custodians to safeguard clients' digital assets.
Cantor Fitzgerald announced its Bitcoin financing business in July 2024 At the time the firm said it was looking to partner with select Bitcoin custodians..
Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, said: "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. We are launching with $2 billion in initial financing and expect to substantially grow the operation over time."
Anchorage Digital, which operates the only federally chartered crypto bank in the US, provides custody, staking, trading, governance, and settlement services for institutions participating in digital assets. Copper specialises in secure digital asset custody, prime services, and collateral management for institutional clients.
"Cantor Fitzgerald and Anchorage Digital share a track record of integrating Bitcoin into the world of traditional finance," said Nathan McCauley, CEO and Co-Founder of Anchorage Digital. “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.”
"Institutional investors are increasingly looking to diversify their portfolios and identify secure routes into the digital asset market," said Amar Kuchinad, CEO of Copper. "This significant partnership with Cantor Fitzgerald will meet the growing demand for sophisticated financing solutions, with Copper.co's lending and collateral management platform providing a complete toolkit for secure and strategic asset handling."
Howard Lutnick, the CEO of Cantor Fitzgerald, also Donald Trump's recently appointed Commerce Secretary, gave a keynote speech at Bitcoin 2024 underscoring his belief in Bitcoin's potential. Cantor Fitzgerald is also a custodian for the US Treasury reserves of stablecoin issuer Tether, in which is it reported that Cantor Fitzgerald has
