Maple Finance, FalconX secure Bitcoin-backed loans from Cantor Fitzgerald — Report

Wall Street financial firm Cantor Fitzgerald has closed its first Bitcoin lending deal nearly a year after announcing its crypto lending services. According to a May 27 Bloomberg report, Cantor provided Bitcoin-backed loans to FalconX and Maple Finance. FalconX, a digital asset broker, said it secured a facility worth over $100 million as part of a “broader credit framework,” while Maple Finance reportedly closed the first tranche of an agreement with Cantor. The service allows companies holding Bitcoin to borrow funds and use the cryptocurrency as collateral, providing a way to unlock liquidity without selling their BTC holdings source: https://cointelegraph.com/news/maple-finance-falconx-secure-bitcoin-backed-loans-from-cantor-fitzgerald-report?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound