Cantor teams up with Tether, Softbank for $3.6 billion crypto venture


Tether logo is seen in this illustration taken March 31, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump.

The deal, announced on Wednesday, has blank-check vehicle Cantor Equity Partners merging into newly formed Twenty One Capital.

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