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 reportedly teaming up with Tether and SoftBank Group (OTCPK:SFTBY) to launch a $3 billion bitcoin acquisition vehicle, aiming to capitalize on a potential cryptocurrency resurgence under U.

Cantor Fitzgerald, chaired by Brandon Lutnick after his father assumed a government role, has already been active in crypto-aligned ventures, including advising Tether on its $775 million investment in video platform Rumble.