Cantor Fitzgerald Issues First Bitcoin-Backed Loans to FalconX and Maple Finance - Crypto Head
The loans allow firms to access , using BTC as collateral.
Cantor’s crypto lending initiative was first announced in with a , targeting .
and were appointed as custodians for the operation.
Despite a decline from its , the remains active, with showing in total value and in outstanding onchain loans — a in two years.
The sector has faced setbacks, including the following the FTX crisis.
Cantor’s entry into the space is seen as a sign of .
Founded in , Cantor is a with global reach.
CEO supports Bitcoin’s classification as a commodity and has ties to Donald Trump’s 2024 transition team.
Cantor also manages part of the reserves backing the Tether stablecoin and holds a 5% stake in Tether.
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