Tether’s $150 Billion CIO Proved Himself Getting Cantor Backing

For years, crypto’s most-influential players have tended to be idiosyncratic and outspoken founders: Changpeng Zhao, the Binance Holdings Ltd. billionaire who pleaded guilty to anti-money laundering violations. Bitcoin mega-accumulator Michael Saylor. The Winklevoss twins, the vocal Donald Trump supporters behind Gemini.

Then there’s Richard Heathcote, a 41-year-old Brit based in the Bahamas who oversees an almost $150 billion portfolio of assets as chief investment officer of stablecoin issuer Tether Holdings SA.