Cantor teams up with Tether and SoftBank for $3B venture
Cantor Fitzgerald, Tether, and SoftBank are joining forces to launch a $3 billion crypto investment firm, aiming to channel billions into the digital asset space.
Cantor Fitzgerald is planning a major push into crypto with the help of Tether and SoftBank. Together, they aim to create a $3 billion firm focused on investing in digital assets. The move would absorb large amounts of cryptocurrency, making it one of the boldest efforts yet in the space.
A special purpose acquisition company (SPAC) tied to Cantor, called Cantor Equity Partners I, secured $200 million in January. The new entity will be built with additional backing from Tether—$1.5 billion in Bitcoin—alongside $600 million from Bitfinex and $900 million…
