Securitize hires former PayPal executive as general counsel ahead of taking company public via SPAC
Securitize appointed former PayPal legal executive Jerome Roche as its new general counsel as it prepares to go public via a SPAC merger.Summary
Securitize, a leading real-world asset tokenization firm, has hired Jerome Roche, the former Head of Legal for Digital Assets at PayPal, as its new general counsel. CEO Carlos Domingo stated that Roche's expertise signals the direction of the company as it prepares for its public listing. Securitize plans to go public on the Nasdaq through a special purpose acquisition company (SPAC) sponsored by an affiliate of Cantor Fitzgerald, valuing the company at a $1.25 billion pre-money equity valuation. The combined entity will be renamed Securitize Corp. and trade under the ticker SECZ. Roche expressed enthusiasm for working at the intersection of responsible technology and prudent regulation, noting the significance of modern ledger technology in evolving financial markets. Securitize is known for tokenizing assets, including issuing BlackRock’s BUIDL fund.
(Source：The Block)