Cantor Fitzgerald announced the launch of a cryptocurrency project in collaboration with Tether and the Japanese technology investor SoftBank Group to invest in purchasing Bitcoin. This move highlights the increasing adoption of this emerging asset class, which was previously considered to be in its infancy.
This announcement was revealed on Wednesday, indicating that the agreement with Cantor Equity Partners values the new project named "Twenty One Capital" at $3.6 billion.
This will deepen the relationships between the Wall Street brokerage firm led by Brandon Lottin, the son of the former Cantor chairman and current US Secretary of Commerce, and Tether, the company behind the largest stablecoin in the world.
