The Cantor Fitzgerald Foundation will have to be called 21 Capital, Financial Times said, citing sources. The fund can be the alternative to Strategy (former Microstrategy), which is the largest public holder of the first cryptocurrency. The basis of the new fund will be investments in bitcoins by participants.
According to journalists, issuer stablecoin USDTTether, is ready to provide the Fund with its capital in size of $ 1.5 billion, SoftBank – $ 900 million, and crypto -country B.ITFINEX – $ 600 million.
The fund intends to additionally attract $ 550 million through bonds and shares. Pai 21 Capital will have to cost $ 10 apiece, which is equivalent to an estimate of $ 85,000 per bitcoin, FT sources said.
The official announcement of the launch of 21 Capital is expected in the coming weeks. FT sources added that the structure of the fund can still change – or the plans as a whole can be rolled up.
Earlier, The Wall Street Journal (WSJ) reported that cryptocurrency companies in the United States began to submit applications for banking licenses.
Source: Bits
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