US financial giant Cantor Fitzgerald officially opened its $2 billion Bitcoin-backed loan service today, beginning with prominent clients FalconX and Maple Finance. This represents another facet of Cantor’s new crypto-focused strategy. Although the crypto loan industry has fallen in prominence in the last year, centralized institutions could give it new life. Cantor’s plan doesn’t have a lot of publicly available details, but the firm seems quite committed to crypto
source: https://beincrypto.com/cantor-fitzgerald-bitcoin-backed-loans-falconx-maple/