Wall Street asset management firm Cantor Fitzgerald has appointed Copper and Anchorage Digital as custodians for its new bitcoin (BTC) financing business, designed to offer institutional investors leverage on their bitcoin investments.

“We are launching with $2 billion in initial financing and expect to substantially grow the operation over time,” said Michael Cunningham, Head of Bitcoin Financing at Cantor Fitzgerald, in a press release.

The Wall Street giant announced its plan to establish this business in July, stating its intention to create a platform catering to the financial needs of Bitcoin investors. Cantor Fitzgerald also oversees the stockpile of U.S. Treasuries for Tether, which backs the $142 billion USDT stablecoin.

Former CEO Howard Lutnick currently serves as the Secretary of Commerce and is an advocate for integrating BTC into traditional finance.