Cantor Fitzgerald Partners With Tether and SoftBank for $3 Billion Crypto Firm
Cantor Fitzgerald is entering the crypto market, collaborating with Tether and SoftBank to establish a $3 billion firm focused on digital assets.
- Cantor's SPAC, Cantor Equity Partners I, raised $200 million in January.
- The new entity will receive:
- $1.5 billion in Bitcoin from Tether
- $600 million from Bitfinex
- $900 million from SoftBank
- Discussions remain confidential, with no official comments from involved parties.
- This initiative aligns with trends initiated by Bitcoin advocates like Michael Saylor, who has amassed approximately $45 billion in Bitcoin.
- Tether has invested in various sectors, including agriculture tech and AI, with over $7 billion in excess reserves as of February.
- Key relationships include Cantor’s CEO Howard Lutnick managing Tether’s reserves and connections in politics and business.