In a decisive stride within the financial sector, Cantor Fitzgerald is set to inaugurate a Bitcoin financing enterprise, as disclosed by CEO Howard Lutnick during the recent Bitcoin Conference.

Lutnick proclaimed, “We are initiating with $2 billion in lending,” and noted that the facility would expand in increments of $2 billion as required. He emphasized, “We are integrating Bitcoin into the financing domain of the global financial markets.”

This initiative aims to furnish leverage to Bitcoin proprietors, per an official communiqué. This venture into the crypto sphere is not a novel endeavor for Cantor Fitzgerald; the firm has pre-existing engagements with stablecoin issuer Tether. Furthermore, Lutnick highlighted that the firm possesses a substantial amount of Bitcoin.

Renowned on Wall Street as a premier bond brokerage, Cantor Fitzgerald also manages U.S. Treasury transactions in conjunction with Tether, the leading stablecoin issuer.