US EditionCantor nears $3bn crypto venture with SoftBank and Tether
- Major global banks reportedly explore broadening cryptocurrency business in the U.S.
- This follows regulatory changes and a more accepting political environment domestically.
- Several large crypto firms reportedly seek to apply for US bank charters.
- President Trump has promised to be the 'crypto president'.
- These developments indicate a significant trend toward integrating cryptocurrency into traditional financial systems.
59 Articles
59 Articles
Cantor Fitzgerald Links With Tether, Bitfinex and SoftBank to Launch Bitcoin Venture
The apples did not fall far from the blockchain tree. In February, crypto-fanatic Howard Lutnick, 63, stepped down as chairman and CEO of Cantor Fitzgerald after being confirmed as the US Secretary of Commerce. In his stead, his 27-year-old son Brandon took over as chairman and his 28-year-old son Kyle was elevated to executive vice chairman. On Wednesday, with the younger Lutnicks at the wheel, the investment bank announced a multibillion-dolla…
Cantor Fitzgerald partners with Tether, Bitfinex and SoftBank to launch Bitcoin acquisition company
Cantor Fitzgerald, the financial-services firm formerly led by U.S. commerce secretary Howard Lutnick, is the latest company to enter into the Bitcoin acquisition business. The company, which is now chaired by Lutnick’s son Brandon Lutnick, is using a special purpose acquisition company (SPAC) called Cantor Equity Partners to create a new company called Twenty One Capital. That company will be owned in part by stablecoin giant Tether, crypto ex…
Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports
Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank, Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday.The vehicle, Cantor Equity Partners, will use the cash
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