BlockBeats News, April 23rd, according to the Financial Times report, Howard Lutnick's son, and Chairman of the brokerage Cantor Fitzgerald, Brad Brandon Lutnick, is collaborating with SoftBank Group, Tether, and the Bitfinex trading platform to establish a Bitcoin investment fund.
The fund is named "Cantor Equity Partners" and plans to raise $3 billion worth of Bitcoin through the newly established company 21 Capital. Tether is expected to contribute $1.5 billion, SoftBank Group and Bitfinex will each invest $900 million and $600 million, respectively.
The Financial Times revealed that the project is expected to be officially announced in the coming weeks. However, the transaction has not yet been finalized, and specific details may still be subject to change.
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