Brandon Lutnick has founded Twenty One Capital to acquire Bitcoin backed by investors like Tether and SoftBank. This initiative aims to establish a firm dedicated to Bitcoin trading and services.
The firm intends to expand into trading, lending, and asset management. To facilitate operations, Twenty One Capital is exploring money-transmitter licenses to engage in legal currency exchanges in the U.S.
With growing support for crypto legislation, including stablecoin regulation, institutional investments are on the rise. Brandon emphasizes this positive shift to foster growth in the firm and the crypto sector.
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