Share this article
Cantor Fitzgerald Taps Copper, Anchorage Digital as Custodians for Bitcoin Financing Business
The business launches with $2 billion in initial financing.
Mar 11, 2025, 1:47 p.m.
What to know:
- Cantor Fitzgerald has tapped Anchorage Digital and Copper.co to manage collateral and custody for its new bitcoin financing business.
- Anchorage Digital, which operates the only federally chartered crypto bank in the U.S., provides custody, staking, trading, governance, and settlement services.
- Copper.co delivers secure custody, prime services, and collateral management for institutions, ensuring asset protection with its security architecture.
Wall Street asset management firm Cantor Fitzgerald has tapped Copper and Anchorage Digital as custodians for its new bitcoin financing business, which aims to provide institutional investors with leverage on their bitcoin holdings, the firm said on Tuesday.
"We are launching with $2 billion in initial financing and expect to substantially grow the operation over time," said Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, in a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The Wall Street giant announced its plan to launch the business in July, saying it wanted to build a platform to support Bitcoin investors’ financing needs. Cantor Fitzgerald also manages stablecoin issuer Tether's stockpile of U.S. Treasuries that backs the value of the $142 billion USDT stablecoin.
The firm's former CEO, Howard Lutnick, currently serves as the Secretary of Commerce and has been a vocal proponent of integrating BTC into traditional finance.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
