CANTOR'S $2 BILLION BITCOIN-BACKED LENDING ARM MAKES FIRST DEALS

Summary from the TLDR Crypto newsletter

Cantor Fitzgerald has launched a $2 billion Bitcoin-backed lending program, closing its first deals by collaborating on a credit framework with FalconX Ltd. and funding the first tranche for Maple Finance. This initiative follows Cantor's July 2024 announcement and builds on its crypto ventures, including the Twenty One Capital partnership with Tether and SoftBank. The crypto-backed lending market has rebounded to $36.5 billion in Q4 2024, more than double its Q3 2023 trough yet still below the 2021 peak of $64.4 billion.