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Securitize Names Former PayPal Digital Assets Counsel as General Counsel Ahead of Nasdaq SPAC Listing

Securitize appoints Jerome Roche as general counsel, leveraging his compliance and innovation expertise amid preparations for a $1.25 billion Nasdaq debut via Cantor Fitzgerald’s SPAC.

BUIDL

Summary

Securitize has hired Jerome Roche, former head of digital asset legal at PayPal, as its general counsel. Roche’s experience in compliance and innovation will support Securitize’s legal strategy as it advances toward a Nasdaq listing under the ticker SECZ through a Cantor Fitzgerald-sponsored SPAC. The listing aims for a $1.25 billion valuation. Securitize also plans to tokenize its equity and is the issuer of BlackRock’s BUIDL tokenized fund.

Terms & Concepts
  • SPAC (special purpose acquisition company): A publicly traded shell company created to acquire or merge with a private firm, enabling it to list on a stock exchange without a traditional IPO.
  • Tokenization: The process of converting ownership rights to an asset into a digital token on a blockchain.
  • BUIDL Fund: BlackRock’s tokenized investment fund offering exposure to U.S. Treasury bills through blockchain-based shares.