Hey crypto fam!
Cantor Fitzgerald, one of the most powerful names in finance, is diving headfirst into crypto ā and theyāre not doing it alone. Theyāre teaming up withĀ Tether,Ā SoftBank, andĀ BitfinexĀ to launch a brand-new crypto powerhouse calledĀ 21 Capital. Yep, this thing is real, and itās bringing a whoppingĀ $3 billion in BitcoinĀ to the table. š³
Letās break it down š
Whoās Involved?
Brandon LutnickĀ ā The man behind the move. Heās the son of Howard Lutnick (who recently stepped down as CEO of Cantor to join Trumpās cabinet) and is now the chairman of Cantor Fitzgerald.TetherĀ ā The issuer of USDT, the worldās largest stablecoin, is putting big skin in the game.SoftBankĀ ā The Japanese tech giant known for massive investments (like Uber, WeWork, and more).BitfinexĀ ā A major crypto exchange with deep liquidity and a long history in the market.
Whatās the Plan?
The new firm is calledĀ 21 Capital, and itās being built underĀ Cantor Equity PartnersĀ (Cantorās investment arm). According toĀ Financial Times, this new venture will receive:
šøĀ $1.5 billion in Bitcoin from TetheršøĀ $900 million from SoftBankšøĀ $600 million from Bitfinex
All in Bitcoin. Thatās $3 billion total. š²
Their goal? Build a major Bitcoin investment vehicle ā something like a supercharged asset manager or holding company focused solely on the worldās biggest cryptocurrency.
Why Now?
Crypto is heating up again, and with a potentialĀ pro-crypto U.S. president (Donald Trump)Ā in the spotlight, the timing makes sense.
Howard Lutnick, Brandonās father and former Cantor CEO, is now part of Trumpās commerce team. Trump has openly said he wants to be āthe crypto president,ā supporting innovation in digital assets and boosting the U.S. dollarās dominance through smart crypto moves.
So, this new firm could be a step toward mergingĀ Wall Street power with crypto innovation. š„
But Wait⦠Is It 100% Confirmed? š¤
Not quite. The Financial Times says theĀ deal could still changeĀ or even fall apart before the official announcement (expected in the next few weeks). The numbers might also shift depending on how the partners finalize the details.
Still, the fact that these major names are even in talks shows how serious traditional finance is getting about crypto.
What Does This Mean for Crypto?
More institutional adoptionĀ ā When big firms like Cantor and SoftBank start stacking Bitcoin, smaller investors start paying attention.Price movement potentialĀ ā $3 billion in BTC being moved or bought is no small thing. It could impact the market.Mainstream confidenceĀ ā With political figures and Wall Street both warming up to crypto, the industry is looking more legit by the day.
Final Thoughts š
This isnāt just another crypto startup. This is aĀ Wall Street-backed, big money, high-levelĀ project that could bring new energy and trust into Bitcoin.
Whether youāre a Bitcoin believer or just watching the show, keep an eye onĀ 21 Capital. If it takes off, it could become a blueprint for how traditional finance joins the crypto revolution.
Until then, stack smart, stay curious, and keep riding the blockchain wave. šš¹
#USDT #SoftBank