{"entity":{"id":9793,"slug":"twenty-one-capital","name":"Twenty One Capital","type":"company","role":"Bitcoin investment vehicle; SPAC; Tether/SoftBank/Bitfinex partnership","description":"$3.6 billion Bitcoin venture led by Brandon Lutnick, partnered with Tether, SoftBank, and Bitfinex. Created through SPAC merger. Represents the intersection of the Lutnick family's financial services empire and the unregulated stablecoin ecosystem.","imageUrl":null,"createdAt":"2026-04-16T05:33:11.558Z","updatedAt":"2026-05-19T09:27:34.485Z"},"electedOffice":null,"significance":{"score":14.8,"components":{"totalFindings":8,"connectionDegree":2.8,"recentFindings90d":0,"activeResearchJobs":0,"goblinAttributions":4,"recentSyntheses90d":0,"moneyFlowChainsTotal":0,"closedLoopMemberships":0,"moneyFlowHopsRecent90d":0},"computedAt":"2026-10-16T01:34:31.424Z"},"facts":[{"id":68666,"text":"Cantor Fitzgerald, while serving as custodian for Tether's reserves, also co-founded Twenty One Capital alongside Tether and SoftBank, creating a direct financial bridge between the custodian, the stablecoin issuer, and the Lutnick family investment vehicle.","confidence":"inferential","dateOccurred":"2025-06-15","source":null},{"id":61246,"text":"Cantor Fitzgerald's role as Tether's reserve custodian means that any loan from Tether to a Lutnick trust would create a conflict where the custodian's CEO personally benefited from the very reserves he was supposed to safeguard.","confidence":"inferential","dateOccurred":null,"source":null},{"id":20211,"text":"The partnership with Tether creates a direct conflict with Commerce Secretary Howard Lutnick's regulatory authority over stablecoin policy.","confidence":"inferential","dateOccurred":null,"source":null},{"id":20208,"text":"Twenty One Capital is a $3.6 billion Bitcoin venture led by Brandon Lutnick.","confidence":"secondary","dateOccurred":null,"source":null},{"id":20209,"text":"The venture was created through a SPAC merger, partnered with Tether, SoftBank, and Bitfinex.","confidence":"secondary","dateOccurred":null,"source":null},{"id":20210,"text":"Twenty One Capital represents the intersection of the Lutnick family's financial services empire and the unregulated stablecoin ecosystem.","confidence":"secondary","dateOccurred":null,"source":null},{"id":20213,"text":"Brandon Lutnick's exact ownership percentage and control rights in Twenty One Capital are not fully documented in public SEC filings.","confidence":"inferential","dateOccurred":null,"source":null},{"id":20212,"text":"Tether provided a loan to Dynasty Trust A, a Lutnick family trust, with specific terms that are not publicly disclosed.","confidence":"inferential","dateOccurred":null,"source":null}],"connections":[{"id":12718,"relationshipType":"regulatory_filing","description":"Twenty One Capital filed a filing with the SEC on 2026-03-31. The SEC's EDGAR database likely contains filings documenting Brandon Lutnick's ownership and control rights.","confidence":"primary","firstDocumented":"2026","lastDocumented":null,"other":{"id":391,"name":"Securities and Exchange Commission","slug":"securities-and-exchange-commission","type":"government_agency"}},{"id":12717,"relationshipType":"Familial/Regulatory Conflict","description":"Twenty One Capital represents the intersection of the Lutnick family's financial services empire and the unregulated stablecoin ecosystem. The partnership with Tether creates a direct conflict with Commerce Secretary Howard Lutnick's regulatory authority over stablecoin policy.","confidence":"primary","firstDocumented":"2026","lastDocumented":null,"other":{"id":9791,"name":"Howard Lutnick","slug":"howard-lutnick","type":"person"}},{"id":12716,"relationshipType":"investor","description":"Twenty One Capital was created through a SPAC merger partnered with SoftBank.","confidence":"primary","firstDocumented":"2026","lastDocumented":null,"other":{"id":121,"name":"SoftBank Vision Fund","slug":"softbank-vision-fund","type":"company"}},{"id":12715,"relationshipType":"investor","description":"Twenty One Capital was created through a SPAC merger partnered with Tether.","confidence":"primary","firstDocumented":"2026","lastDocumented":null,"other":{"id":9879,"name":"Tether","slug":"tether","type":"company"}},{"id":10313,"relationshipType":"investor","description":"Cantor Fitzgerald serves as custodian of Tether reserves; Twenty One Capital is partnered with Tether through Brandon Lutnick.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":9792,"name":"Cantor Fitzgerald","slug":"cantor-fitzgerald","type":"company"}},{"id":10311,"relationshipType":"founder","description":"Leader of Twenty One Capital, $3.6 billion Bitcoin venture partnered with Tether, SoftBank, and Bitfinex.","confidence":"primary","firstDocumented":null,"lastDocumented":null,"other":{"id":9790,"name":"Brandon Lutnick","slug":"brandon-lutnick","type":"person"}},{"id":11410,"relationshipType":"founder","description":"Cantor Fitzgerald co-founded Twenty One Capital alongside Tether and SoftBank in April 2025 as a Bitcoin holding company. Brandon Lutnick chairs Twenty One Capital while his father sits as Commerce Secretary with regulatory authority over cryptocurrency.","confidence":"secondary","firstDocumented":null,"lastDocumented":null,"other":{"id":9792,"name":"Cantor Fitzgerald","slug":"cantor-fitzgerald","type":"company"}}],"contradictions":[],"permalink":"https://www.goblinhouse.net/entity/twenty-one-capital","timelineUrl":"https://www.goblinhouse.net/entity/twenty-one-capital/timeline"}