According to Bloomberg, Foresight News reports that investment bank Cantor Fitzgerald has launched its $2 billion Bitcoin-backed loan program by providing financing to crypto broker FalconX and decentralized lending platform Maple Finance. FalconX plans to draw over $100 million under the credit framework in collaboration with Cantor, and Maple has completed its first loan disbursement.
This financing plan is the latest in a series of crypto-focused investment projects launched by Cantor. Howard Lutnick, the former CEO of Cantor, stepped down in February and became the US Secretary of Commerce. In April, an affiliated company of the investment bank collaborated with Tether Holdings SA and SoftBank Group to launch Twenty One Capital Inc., a Bitcoin accumulation investment company.
