Investment banking firm Cantor Fitzgerald has selected Anchorage Digital and Copper as its Bitcoin custodians and collateral managers as it launches its new digital asset financing business targeting institutional investors.
In a March 11 announcement, Cantor Fitzgerald said it is rolling out its Bitcoin (BTC) financing business with $2 billion in initial capital to help institutional investors borrow against their crypto holdings.
Anchorage Digital and Copper will safeguard clients’ digital assets by acting as custodians and collateral managers, the company said.
Source: Anchorage Digital
Anchorage Digital is an institutional cryptocurrency platform that operates the only federally chartered digital asset bank in the United States.
Copper is a crypto custodian backed by Barclays, the British multinational financial institution.
Copper CEO Amar Kuchinad said Cantor Fitzgerald’s new offering will help institutional