21 Capital, owned by the son of the US Secretary of Commerce, raises $3 billion to partner with SoftBank, Tether, and Bitfinex to establish a Bitcoin investment fund

On April 23rd, according to the Financial Times, Brandon Lutnick, son of US Secretary of Commerce Howard Lutnick and chairman of Cantor Fitzgerald, is partnering with SoftBank Group, Tether, and Bitfinex trading platforms to establish a Bitcoin investment fund. The fund is called Cantor Equity Partners and plans to raise $3 billion worth of Bitcoin through the newly established 21 Capital company. Among them, Tether plans to invest $1.5 billion, while SoftBank Group and Bitfinex will invest $900 million and $600 million respectively. The Financial Times revealed that the project is expected to be officially announced in the coming weeks. However, the transaction has not yet been finalized, and specific details may still be subject to change.