Cantor Fitzgerald, a prominent Wall Street firm, has announced the launch of a Bitcoin-backed lending division aimed at institutional clients, with an initial funding of $2 billion. The division will begin operations in July 2025, with Copper and Anchorage Digital designated as custodians for the Bitcoin financing business. This move comes amid a broader trend in the financial sector, as major banks such as Citi and State Street are also preparing to unveil their own Bitcoin and Ethereum custody operations, capitalizing on the growing demand for cryptocurrency services. Additionally, the U.S. Treasury Department has been in discussions with multiple crypto custody firms to determine the best methods for safeguarding the national Bitcoin reserve, indicating a significant shift in governmental engagement with the cryptocurrency market.