Brandon Lutnick, who succeeded his father Howard Lutnick as Chair of Cantor Fitzgerald, will lead Cantor Equity Partners

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The crypto tie-up is the first in a potential wave of Spac deals led by Cantor Fitzgerald. In addition to its Cantor Equity Partners Spac, it has created two other such vehicles led by the younger Lutnick that are hunting for deals.

The vehicle is an attempt by Lutnick, who was named chair of brokerage Cantor Fitzgerald when his father stepped down to become Trump’s top trade envoy, to be at the centre of a crypto investment boom.