Billionaire Howard Lutnick, Chairman and CEO of financial company Cantor Fitzgerald, announced the launch of a new Bitcoin lending program at the Bitcoin 2024 conference on Saturday, July 27.
Although details of the new lending program have not yet been disclosed, the initial funding for the project will amount to $2 billion. The program will allow individuals and companies to obtain fiat currency loans secured by BTC. This innovation is expected to create new opportunities for investors and businesses, providing them with access to large lines of credit using their crypto assets as collateral.
Cantor Fitzgerald, one of the world’s leading financial companies, serves over 5,000 institutional clients globally. The new initiative is part of the company’s strategy to expand its services in the field of digital assets and cryptocurrencies. Lutnick noted that the company sees great potential in the use of blockchain technologies and intends to actively develop this direction.
Experts believe that the launch of this program could be a significant step in integrating traditional financial services with the world of cryptocurrencies, attracting more institutional investors and strengthening Bitcoin’s position in the global financial market.
