Catenaa, Saturday, May 03, 2025-Cantor Fitzgerald, led by Brandon Lutnick, is finalizing a $3 billion cryptocurrency venture with SoftBank, Tether, and Bitfinex, the Financial Times reported lastweek.
The new entity, 21 Capital, will receive major bitcoin contributions: $1.5 billion from Tether, $900 million from SoftBank, and $600 million from Bitfinex, according to sources cited by the newspaper. An official announcement is expected in the coming weeks, although the deal remains subject to change.
Brandon Lutnick, son of former Cantor CEO and current US Commerce Secretary Howard Lutnick, now chairs the brokerage alongside his brother Kyle Lutnick, who serves as vice chairman.
The move positions Cantor Equity Partners, the firm’s new vehicle, at the center of an ambitious push into digital assets. The initiative aligns with broader efforts under President Donald Trump’s administration to expand the use of cryptocurrency in the US financial system. Trump has pledged to champion crypto adoption, linking it to strengthening the US dollar’s global standing.
Neither Cantor Fitzgerald, SoftBank, Tether, nor Bitfinex immediately responded to Reuters’ requests for comment.
If completed, the venture would mark one of the largest collaborative investments in bitcoin to date, signaling deepening ties between traditional financial institutions and major players in the digital currency sector.
