A major new player could soon shake up the world of cryptocurrency. Cantor Fitzgerald, Tether Holdings, and SoftBank Group are reportedly in talks to create a $3 billion crypto investment firm, according to sources familiar with the matter. If the deal goes through, it would mark one of the largest moves yet by traditional finance and tech giants into the digital asset space.
The plan is for Tether, the world’s largest stablecoin issuer, to contribute $1.5 billion worth of Bitcoin to the new venture. Bitfinex, a crypto exchange closely linked to Tether, would add $600 million, while SoftBank is expected to put in $900 million. Together, these contributions would create a $3 billion pool focused on absorbing and investing in large amounts of cryptocurrency.
The deal could be announced in the coming days, but for now, all parties are keeping quiet. SoftBank declined to share comments, and Cantor, Tether, and Bitfinex have not responded to media requests for more information.
Physical representations of cryptocurrencies
This new crypto vehicle seems to be inspired by the strategy of Michael Saylor, whose company MicroStrategy has famously bought up about $45 billion in Bitcoin. Other companies, like Japan’s Metaplanet, have followed suit, using stock sales and financial instruments to fund massive crypto purchases. The new Cantor-Tether-SoftBank partnership would be the latest—and one of the biggest—examples of this trend.
Tether’s Expanding Reach
Tether has been making headlines for more than just its stablecoin. In the past year, the company has invested in a wide range of industries, from farming to artificial intelligence and even brain implants. Tether reported in February that it had more than $7 billion in excess reserves, giving it plenty of firepower for new deals.
Tether also has a close relationship with Cantor Fitzgerald. The financial firm helps manage Tether’s reserves and holds a convertible bond issued by the stablecoin company. The connection goes even deeper: Cantor’s former CEO, Howard Lutnick, is now the U.S. Secretary of Commerce under President Donald Trump, and his son Brandon, Cantor’s chairman, played a key role in introducing Tether to the video platform Rumble before a $775 million investment.
If the $3 billion crypto firm becomes a reality, it could have a big impact on the market. With so much money and influence behind it, the new company could help drive further adoption of digital assets and attract even more traditional investors to the crypto world.
As the crypto industry continues to evolve, partnerships like this show that the line between traditional finance and digital assets is getting blurrier. All eyes will be on Cantor, Tether, and SoftBank to see what they do next—and how their moves might cause hype in the sector.
Sources:
- Bloomberg – https://www.bloomberg.com/news/articles/2025-04-23/cantor-in-talks-on-3-billion-crypto-spac-with-tether-xdt-softbank
