Cantor Fitzgerald, a major global firm, just launched a massive $2 billion loan program backed by Bitcoin. This is a big deal, especially considering the crypto lending market’s shaky past.
Cantor’s Bitcoin Bet
The program, rolled out over the past year, started in July 2024 with a focus on working with reliable custodians. By April 2025, Cantor teamed up with big names like Tether, SoftBank, and Bitfinex on a $3.6 billion fund (Twenty One Capital) aiming to hold over 42,000 Bitcoin. This shows Cantor is serious about Bitcoin loans becoming a standard offering.
Early Successes and Key Partners
FalconX and Maple Finance were among the first to take advantage of the new loan line, securing over $100 million each. This early success proves that reputable firms can still access crypto financing, even after the industry’s setbacks.
Big Investors, Big Bets
Cantor’s commitment to Bitcoin goes beyond just lending. They quietly bought around $459 million worth of Bitcoin in May 2025 and hold nearly $2 billion in Strategy stock, directly tying their success to Bitcoin’s price. They’ve stated they’ll continue buying even if the price drops significantly.
The Growing Competition and Lingering Risks
Cantor isn’t alone. Other companies like Strive and Blockstream are also making moves in the Bitcoin lending space. Traditional banks are also getting involved, with investments in crypto ETFs and plans for Bitcoin ETF services.
However, it’s crucial to remember that Bitcoin’s price is volatile. Sudden drops or margin calls could create problems for both lenders and borrowers. Clear rules and well-thought-out plans are essential to navigate these risks.
