Does Cantor Fitzgerald own tether?

Cantor Fitzgerald's Howard Lutnick, whose firm manages money for Tether, says it does. Cantor Fitzgerald CEO Howard Lutnick has now vouched for Tether (World Economic Forum) May 29-31, 2024 - Austin, Texas The biggest and most established global hub for everything crypto, blockchain and Web3. Register Now

Who is Cantor Fitzgerald?

Privately held and led by Howard Lutnick, Cantor Fitzgerald is among the best-known bond trading houses on Wall Street, and one of 25 primary dealers for U.S. Treasurys, allowing direct trade with the Federal Reserve. Tether earlier this week reported assets at year-end 2022 of $67 billion, $39.2 billion of which were in U.S. Treasury bills.

What happened to tether & Cantor Fitzgerald?

At roughly the same time, Tether began moving a bulk of its assets from Deltec to Capital Union Bank, located across the street from Deltec in Nassau, which maintained trading relationships with multiple U.S. banks. It then secured an account with Cantor Fitzgerald, and started converting its commercial paper assets to U.S. Treasury bills.