Ex-Cantor Execs Start Lending Platform for Expected Bitcoin ETFs

Several ex-Cantor Fitzgerald executives started a crypto lending platform with the expectation that it will serve operators of spot Bitcoin exchange-traded funds once they gain US regulatory approval.

Digital Prime Technologies’ Tokenet already lets clients including Xapo Bank lend out digital assets to others, such as EDX Clearing and global institutional credit network Hidden Road Partners, the Jersey City, New Jersey-based company said Tuesday. The setup offers risk-management tools and a chat functionality that lets users manage loans.

The firm joins a slew of exchanges and other companies, such as Swan Bitcoin, who are launching products to fill a ...