Cantor’s $2 Billion Bitcoin-Backed Lending Arm Makes First Deals

Cantor Fitzgerald LP kicked off a $2 billion Bitcoin-backed lending initiative by providing financing to crypto firms FalconX Ltd. and Maple Finance, according to the three companies.

Digital-asset prime broker FalconX said it had closed a Bitcoin-backed financing facility that’s part of a “broader credit framework” with Cantor, through which it plans to draw more than $100 million. Maple also said it closed the first tranche of a facility with Cantor, according to a separate statement viewed by Bloomberg.

The financing program is the latest in a string of crypto-focused ventures launched by Cantor, whose former Chief Executive Officer Howard ...