Cantor plans $3B crypto venture with SoftBank, Bitfinex and Tether: Report

Brandon Lutnick, chair of investment banking firm Cantor Fitzgerald, is reportedly partnering with SoftBank, Tether and Bitfinex to create a $3 billion crypto acquisition company. Lutnick and the consortium hope to create a publicly listed crypto acquisition company to capitalize on the market under crypto-friendly US President Donald Trump, and replicate Michael Saylor’s company Strategy, the Financial Times reported on April 23, citing three people who have been briefed on the plan. Cantor Equity Partners raised $200 million in January for the new firm called 21 Capital. At the same time, stablecoin issuer Tether will fork out $1 source: https://cointelegraph.com/news/cantor-plans-3-billion-crypto-venture-softbank-bitfinex-tether-financial-times?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound