Cantor nears $3 billion crypto venture with SoftBank and Tether, FT reports

https://finance.yahoo.com/news/cantor-nears-3-billion-crypto-005515690.html

Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank, Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday.

The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. It will receive $3 billion in bitcoin from the other cryptocurrency investors and trading firms, the report added, citing unnamed sources.

originally posted at https://stacker.news/items/954528