Tech
Cantor joins hand with SoftBank, Tether for $3.6 billion crypto venture
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Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, underscoring rising institutional adoption of the once-nascent asset class.
The deal, announced on Wednesday, with blank-check vehicle Cantor Equity Partners values the venture, Twenty One Capital, at $3.6 billion.
It will deepen ties between the Wall Street brokerage – chaired by Brandon Lutnick, the son of the former Cantor boss and current U.S. commerce secretary – and Tether, the company behind the world’s largest…
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