U.S.-based entirely mostly funding bank Cantor Fitzgerald LP has launched a $2 billion Bitcoin-backed loan program, offering financing to cryptocurrency companies FalconX Ltd. and Maple Finance.
Based entirely on statements from the three companies, these agreements are the principle steps of Cantor’s recent crypto-focused initiatives.
Cryptocurrency brokerage FalconX presented that it has secured Bitcoin-backed financing under a “substantial credit framework” planned to exceed $100 million with Cantor, whereas Maple Finance said it has closed the principle half of a credit kit with Cantor.
The funding hotfoot is the most up-to-date in a string of fundamental forays into the crypto residence by Cantor, who stepped down as CEO in February to turn out to be U.S. Commerce Secretary after Howard Lutnick launched a subsidiary of the funding bank, Tether Holdings SA, and SoftBank Neighborhood in April 2025 to blueprint Bitcoin accumulation enterprise Twenty One Capital Inc.
The crypto-backed lending market, which modified into as soon as shaken by the collapse of major companies equivalent to Celsius Network Ltd. and BlockFi Inc. in 2022, is showing signs of recovery. Neutral lately, Bitcoin tool company Blockstream Corp. obtained a high-level funding, whereas crypto asset manager Xapo Monetary institution began offering Bitcoin-backed loans of as a lot as $1 million in March.
Cantor presented a $2 billion loan initiative in July 2024 to give leveraged financing to Bitcoin holders.
*Right here is never any longer funding recommendation.
