According to the Financial Times, a significant development in the crypto investment space is unfolding. Brad Brandon Lutnick, the son of Howard Lutnick and Chairman of brokerage Cantor Fitzgerald, is spearheading a collaboration with notable entities such as SoftBank Group, Tether, and the Bitfinex trading platform. Their joint venture, named Cantor Equity Partners, aims to establish a robust Bitcoin investment fund targeting a capital raise of $3 billion in Bitcoin through its initiative 21 Capital. Funding allocations are ambitious, with Tether poised to contribute $1.5 billion, while SoftBank and Bitfinex are expected to invest $900 million and $600 million, respectively. Although an announcement detailing this venture is anticipated in the forthcoming weeks, specifics regarding the transaction remain subject to finalization and further changes.
Source: https://en.coinotag.com/breakingnews/brad-lutnicks-bitcoin-investment-fund-cantor-equity-partners-to-raise-3-billion-with-tether-and-softbank/