Cantor Fitzgerald is teaming up with crypto powerhouses to launch a new Bitcoin investment firm amid a surge in institutional interest.
A new crypto investment vehicle called 21 Capital is reportedly in the works, backed by $3 billion in Bitcoin from Tether, SoftBank, and Bitfinex, according to the Financial Times.
The funding split includes:
- $1.5B from Tether
- $900M from SoftBank
- $600M from Bitfinex
Shares will be priced at $10, using an internal valuation of $85,000 per BTC. The fund will be operated through Cantor Equity Partners, with additional funding via a $350M convertible bond and $200M private placement.
Cantor’s Crypto Pivot Guided by Brandon Lutnick
The project is being led by Brandon Lutnick, who succeeded his father at Cantor after Howard Lutnick’s appointment to Trump’s cabinet.
Brandon has positioned Cantor at the center of crypto dealmaking, including Tether’s Rumble deal, and now looks to establish the firm as a major player in Bitcoin investment strategy.
Macro Tailwinds Reinforce Timing
The move coincides with a renewed Bitcoin rally, a favorable regulatory environment, and growing appetite from traditional investors looking for BTC exposure without direct custody.
The playbook is clearly influenced by MicroStrategy’s rise, offering a clear path to BTC-backed equity for investors navigating compliance constraints.
Looking Ahead
While the initiative carries some reputational baggage, especially with Tether and Bitfinex involved, the lighter regulatory tone from the Trump administration may reduce friction.
If launched successfully, 21 Capital could become a defining player in the growing intersection between Wall Street and crypto finance.
