Maple Finance Closes First Tranche of Bitcoin-Backed Financing Facility from Cantor Fitzgerald

Maple Finance has closed the first tranche of a Bitcoin-backed financing facility from global investment bank Cantor Fitzgerald.

Maple Finance has closed the first tranche of a Bitcoin-backed financing facility from global investment bank Cantor Fitzgerald. The deal was disclosed by the company in a press release on Thursday.

The financing initiative is part of Cantor’s $2 billion Bitcoin financing program, which also saw a facility closed with FalconX in June. The program aims to provide institutions with the possibility to borrow against their Bitcoin (BTC) holdings.

“This financing facility through Cantor enables Maple to accelerate its growth and expand its reach as a provider of digital asset credit,” said Sidney Powell, CEO and Co-Founder of Maple.

The company, which describes itself as a crypto-native asset manager with experience in institutional finance, is aiming to service the rising demand for regulated crypto credit access.

Cantor, which has been increasingly active in several crypto-focused ventures—including a partnership with Tether and SoftBank to launch Bitcoin accumulator Twenty One Capital—said the initiative is part of its broader strategy to scale digital asset finance.

“We are pleased to be working with Maple and to continue bridging the gap between traditional finance and digital assets,” said Michael Cunningham, Head of Bitcoin Financing at Cantor.

The Maple Finance (SYRUP) transaction was also subject to regulated settlement and storage of the Bitcoin collateral, provided by digital asset bank Anchorage Digital, which served as custodian on the deal.

Crypto-backed lending markets are showing signs of recovery, with total outstanding loans rebounding to $36.5 billion by Q4 2024, up from a post-crash low of $10.9 billion in Q1 2023 but still below the 2021 peak of $64.4 billion, according to Galaxy Research.

Maple’s participation in Cantor’s facility showcases the renewed momentum in institutional crypto lending, driven by structured financing solutions and a return of market confidence.