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Fortune
Fortune
Catherine McGrath

Cantor Fitzgerald partners with Tether, Bitfinex and SoftBank to launch Bitcoin acquisition company

Bitcoin Bitfinex SoftBank Tether Cantor Fitzgerald Twenty One GameStop Howard Lutnick
(Credit: Win McNamee—Getty Images)

Cantor Fitzgerald, the financial services firm formerly led by U.S. commerce secretary Howard Bitcoin acquisition business. 

The company, which is now chaired by Lutnick’s son Brandon Lutnick, is using a special purpose acquisition company (SPAC) called Cantor Equity Partners to create a new company called Twenty One Capital. That company will be owned in part by stablecoin giant Tether, crypto exchange Bitfinex, and Japanese investment company SoftBank, according to a statement released on Wednesday, and will be used to buy Bitcoin. 

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