Howard Lutnick, Chairman and CEO of Cantor Fitzgerald, announced the launch of a Bitcoin lending program during the Bitcoin 2024 conference.
Lutnick, a prominent figure in the financial services industry, passionately declared his support for Bitcoin.
He reflected on the personal and professional losses suffered during the 9/11 attacks, which claimed the lives of his brother and 658 other Cantor Fitzgerald employees.
The core of Lutnick’s announcement was the unveiling of Cantor Fitzgerald’s new Bitcoin financing business. “Today I have an announcement to make.
Cantor Fitzgerald is here to announce that we are launching a Bitcoin financing business. We will offer leverage to those who own Bitcoin. We are going to launch with $2 billion of lending,” he stated.
While detailed plans for the lending program remain under wraps, the $2 billion commitment signals a strong vote of confidence in Bitcoin’s future and could encourage other financial institutions to explore similar ventures.
Lutnick emphasized Cantor Fitzgerald’s role in integrating Bitcoin into the global financial market, stating, “The moral of the story is we are going to welcome Bitcoin into the financing family of the global financial market and Cantor Fitzgerald’s going to be your sponsor.”
