# Cantor Fitzgerald, Tether Prep  $2B Bitcoin Lending Collab

*Author: Kazu Umemoto*
*Published: Nov 25, 2024*
*Source: https://www.bankless.com/de/read/cantor-fitzgerald-tether-bitcoin*

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Cantor Fitzgerald, the global investment firm, is [teaming up with Tether](https://decrypt.co/293359/cantor-fitzgerald-plans-2-billion-bitcoin-lending-program-via-tether-report) to launch a $2 billion Bitcoin lending program.

## **What's the scoop?**
- **Enabling Liquidity**: The program aims to allow clients to borrow dollars using Bitcoin as collateral, with the potential to expand as crypto adoption grows.
- **Political Context**: The initiative comes as Cantor’s CEO, Howard Lutnick, prepares to assume his role as U.S. Commerce Secretary under President-elect Donald Trump. Lutnick has announced plans to divest his interests in Cantor to comply with federal ethics rules.
- **Existing Relationship**: Cantor already manages most of Tether's $132 billion in reserves and holds a 5% stake in the stablecoin issuer valued at $600 million.

## **Bankless take:**
Cantor Fitzgerald's deepening involvement with Tether highlights the quickly evolving ties between Wall Street and crypto. The partnership signals increased confidence in Bitcoin-backed financial instruments and positions Cantor to benefit from the anticipated pro-crypto policies of the incoming Trump administration. If successful, the program would open the floodgates for more Bitcoin-backed lending at an institutional scale.