Tether and Cantor Fitzgerd collaborated, and open a new era of encryption financing?

Jakarta, Pinto News–In 2021, pregnancyThe company is behind the leadership Stablecoin pregnancy I took a big step Through partnership with Cantor Fitzgerald, a Wall Street Smooth giant.
This partnership changes the market view of Tether and distinguishes a new chapter in integration between traditional financing and encryption.
Check the full news below!
A strategic partnership with Cantor Fitzgerald
Since the start of the partnership, Cantor Fitzgerland has been the main deposit of the American treasury reserves in Tether. By the end of 2024, Cantor Fitzgerald managed about 80 % of Tether guarantees 132 billion dollars. After a few months, this number increased to 99 %.
According to Beincrypto, the presence of Cantor Fitzgerald as the guardian of this asset provides answers to those who doubt the presence of Tether reserves. Cantor Fitzgerald not only works as one of the origins. At the end of 2024, the company bought 5 % of Tether Shares With a value of about $ 600 million.
Although Howard Lootnick, the former CEO of Cantor Fitzgerald, has abandoned his interest in the company to work as US Trade Minister, his family’s participation has been preserved, with Brandon Lootnick now as Cantor Fitzgerald President.
Also read: Ripple performance in the first quarter of 2025, what is the main factor?
Softbank adds global legitimacy
In April 2025, Softbank took a basic step by joining this partnership and launching 21 capital, a new entity that focuses on bitcoin with investment 900 million dollars commitment.
Tether and bitfinex carry, under IFINEX, the majority share, while Softbank is a minority shareholder. Softbank, known for its large and varied investments, indicates that it has conducted extensive due care before joining.
The presence of Softbank adds global confidence and opens a wide network that can expand the Tether range. With SoftBank’s reputation and SoftBank’s influence around the world, Tether has more resources and opportunities around the world.
Also read: Binance Changpeng Zhao reveals 4 sectors of Altcoin that will explode!
21 Capital: The most prominent in the Tether and Cantor Fitzgerrald partnership
All of these alliances have led to the formation of 21 capital, which is a new investment vehicle that will be included in it Nasdak Under the category “xxi”. Jacques Malars, a high -ranking businessman in Bitcoin, will lead the company as CEO.
Taking the public company represents an important step for Tether’s institutional aspirations, with inevitability second Rules, quarterly disclosure, and analyst questions. Critics who previously attacked Tether will have to have a lack of transparency to find new materials because some Tether operations will be under the spotlight from public markets.
Although Tether’s Stablecoin did not fully merge with SPAC, the presence of an important BTC wardrobe in 21 capital capital -42000 coins at launch would be a window in the broader ecosystem.
This is the latest information about Crypto. Follow us Google News To keep the encryption technology and Blockchain.
Enjoy easily and safe Trading encryption Experience by downloading the Piteu Crypto app via Google Play Store or the App Store now. Get on Web trading Experience with advanced trading tools such as the Pro Charting, different types of requests, and the porridge tracker only in PINTU Pro. Pintu Pro Futures is also available, where you can Buy a bitcoin leveragecommerce BTC FUTURS, Eyel futures contracts and Future Sol Easily from your desktop!
*Slip
This content aims to enrich readers’ information. PINTU collects this information from various relevant sources and is not affected by external parties. Note that the previous performance of the original does not determine its expected future performance. Enjoy high risk trading activities and fluctuations, and always you search and use cold funds before investing. All activities Purchase and Bitcoin sale And other investments of encryption assets are the responsibility of the reader.
reference
https://blog.pintu.co.id/wp-content/uploads/2024/11/tether-seld-custody-wallet.jpg