FILE PHOTO: The logo of SoftBank is displayed at a company shop in Tokyo, Japan January 28, 2025. REUTERS/Issei Kato/File Photo
(Reuters) -Brandon Lutnick, son of U.S. Commerce Secretary Howard Lutnick and chair of brokerage Cantor Fitzgerald, is partnering with SoftBank, Tether and Bitfinex to create a multibillion-dollar bitcoin acquisition vehicle, the Financial Times reported on Tuesday.
The vehicle, Cantor Equity Partners, will use the cash to create a new firm, called 21 Capital. It will receive $3 billion in bitcoin from the other cryptocurrency investors and trading firms, the report added, citing unnamed sources.
