The international investment firm Cantor Fitzgerald has chosen Anchorage Digital and Copper as custodians and collateral managers to launch its new digital asset financing business.
Launch of the New Business
Cantor Fitzgerald has announced plans to launch new Bitcoin operations with $2 billion in financing to assist institutional investors in borrowing against their crypto holdings.
Role of Anchorage Digital and Copper
Anchorage Digital and Copper will provide custodianship and collateral management for the company's clients' digital assets. This ensures the security and transparency of Cantor Fitzgerald's new operations. Copper CEO Amar Kuchinad mentioned that the new offering will help institutional investors diversify their portfolios into digital assets, driven by the increasing demand for sophisticated financing solutions in the Bitcoin space.
Rising Institutional Interest
The launch of US spot Bitcoin ETFs more than a year ago highlighted the strong demand for Bitcoin among institutional investors. Despite market volatility, this sector continues to grow. Companies like Citi and State Street plan to offer crypto custody services by 2026. The German exchange group Deutsche Boerse also intends to begin Bitcoin and Ethereum custody.
The launch of Cantor Fitzgerald's new business reflects the ongoing interest of institutional investors in digital assets like Bitcoin despite market instability.
