Bitcoin
Singer Fitzgerald to Launch Bitcoin Financing Venture
Singer Fitzgerald LP plans to launch a Bitcoin financing business to provide leverage to investors holding the cryptocurrency, deepening the investment bank’s growing ties with the digital asset sector.
The company will allocate $2 billion to fund the business’s lending activities at launch, the company said in a statement. Bloomberg Terminal statement on Saturday. It will partner with select Bitcoin custodians to conduct the business, it added, without naming the companies or a timeline for the launch.