The Wall Street financial institution has signed strategic agreements for bitcoin-backed loans with Maple Finance and FalconX.
According to Bloomberg, on May 27 Cantor Fitzgerald officially launched its new division dedicated to Bitcoin lending, announcing the completion of the first transactions of its Bitcoin Financing Business. The Wall Street firm confirmed it has finalized a first round of deals with two crypto sector players: Maple Finance and FalconX.
The company initially plans to make up to $2 billion in financing available to institutional clients.
Brandon Lutnick, President of Cantor Fitzgerald, commented:
“From the start, Cantor recognized the transformative impact that financial services for digital assets would have on the global economy. This milestone highlights how the combination of Cantor’s deep expertise and entrepreneurial spirit creates a distinctive advantage on Wall Street.”
The partnership with Maple Finance is part of Cantor’s broader expansion strategy. Sidney Powell, Co-Founder and CEO of Maple Finance, emphasized how the deal will expand his company’s ability to serve clients looking to access the digital asset market:
“We’re seeing strong and growing demand from institutions seeking to enter the crypto market through trusted and regulated channels.”
Josh Barkhordar, Head of U.S. Sales at FalconX, stated:
“Digital assets have lacked the institutional-grade credit infrastructure essential for healthy capital markets. This collaboration between Cantor and a crypto-native firm is a meaningful step toward building that framework.”
To ensure the security and reliability of its bitcoin-backed financing services, Cantor Fitzgerald has selected Anchorage Digital and Copper.co for custody solutions.
