Not long after President Trump established a strategic bitcoin reserve and pledged to make the U.S. the “crypto capital of the world”, a new corporate bitcoin entity, backed by the investment firm his commerce secretary built,

Cantor Fitzgerald is launching a crypto venture with Tether and Japanese technology investor SoftBank Group to buy bitcoin, wagering that interest in the digital currency will expand under U.S. President Donald Trump.

Cantor Fitzgerald is teaming up with Tether Holdings SA and SoftBank Group to create a new company called Twenty One Capital Inc., with the goal of accumulating Bitcoin.