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Cantor Equity Partners Launches $3 Billion Bitcoin Fund With SoftBank, Tether

Coin WorldWednesday, Apr 23, 2025 2:14 am ET

1min read

Cantor Equity Partners, a joint venture led by Brad Lutnick, is set to launch a significant Bitcoin investment fund. The fund aims to raise $3 billion in Bitcoin, leveraging partnerships with Tether and SoftBank. This initiative underscores the growing interest in cryptocurrency investments, particularly Bitcoin, among major financial players. The involvement of Tether, a stablecoin, and SoftBank, a prominent technology investor, adds credibility and financial backing to the fund. This move is expected to attract other institutional investors, further legitimizing Bitcoin as a viable asset class. The fund's success could pave the way for more traditional financial institutions to enter the cryptocurrency market, potentially leading to increased adoption and integration of digital currencies in mainstream finance.

Brad Lutnick, the son of Howard Lutnick and Chairman of brokerage Cantor Fitzgerald, is spearheading a collaboration with notable entities such as SoftBank Group, Tether, and the Bitfinex trading platform. Their joint venture, named Cantor Equity Partners, aims to establish a robust Bitcoin investment fund targeting a capital raise of $3 billion in Bitcoin through its initiative 21 Capital. Funding allocations are ambitious, with Tether poised to contribute $1.5 billion, while SoftBank and Bitfinex are expected to invest $900 million and $600 million, respectively. Although an announcement detailing this venture is anticipated in the forthcoming weeks, specifics regarding the transaction remain subject to finalization and further changes.

This collaboration signifies a strategic move by Cantor Equity Partners to capitalize on the burgeoning cryptocurrency market. By partnering with Tether, a stablecoin known for its peg to the US dollar, and SoftBank, a technology conglomerate with a history of high-risk, high-reward investments, the fund aims to provide a stable and credible investment vehicle for Bitcoin. The involvement of Bitfinex, a well-established trading platform, further enhances the fund's operational capabilities and market reach. The $3 billion target reflects the confidence of these partners in the potential of Bitcoin as a long-term investment.

The fund's ambitious capital raise and the high-profile partnerships involved indicate a significant shift in the perception of Bitcoin among traditional financial institutions. The backing of SoftBank, known for its investments in innovative technologies, and Tether, a stablecoin with a large market presence, lends credibility to the fund. This move is likely to attract other institutional investors who are increasingly looking to diversify their portfolios with digital assets. The success of this fund could serve as a catalyst for more traditional financial institutions to explore and invest in the cryptocurrency market, potentially leading to greater adoption and integration of digital currencies in mainstream finance.

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