FalconX, a leading institutional digital asset prime broker, today announced it has closed its first Bitcoin-backed financing facility from Cantor, a premier global investment bank. This transaction represents the first step in a broader credit framework that FalconX intends to scale beyond $100 million with Cantor.
The transaction marks a pivotal milestone in institutional digital asset adoption, underscoring the growing convergence of traditional finance and crypto infrastructure. Cantor’s Bitcoin Financing Business, which expects to make available up to $2 billion of financing in its initial phase, provides leverage to institutional investors who hold Bitcoin, bringing scale, structure, and sophistication to the digital asset industry.
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“Over the past two years, we’ve seen institutional demand for credit grow dramatically, driven by the need for capital-efficient trading, hedging, and liquidity strategies,” said Josh Barkhordar, Head of U.S. Sales at FalconX. “Digital assets have lacked the institutional-grade credit infrastructure that’s essential to well-functioning capital markets. This collaboration between Cantor and a crypto-native firm represents a significant step toward building that framework, enabling digital assets to function with the same depth and reliability as traditional markets.”
“We’re pleased to provide FalconX with access to additional funding sources to help them serve their institutional clients with greater flexibility,” said Michael Cunningham, Head of Bitcoin Financing at Cantor. “Through our Bitcoin Financing Business, we are excited to expand access to liquidity for digital asset institutions.”
As institutions increasingly demand high-trust counterparties to access digital asset markets, FalconX looks to expand its role in bridging traditional and digital finance through secure, scalable credit infrastructure.
Disclaimer: The transaction was conducted by a FalconX entity authorized to transact under applicable U.K. regulations.
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