[Securitize Appoints Former PayPal Executive as General Counsel, Preparing for SPAC Listing] According to The Block, asset tokenization company Securitize has announced the appointment of Jerome Roche, former PayPal digital asset legal head, as General Counsel to prepare the company for listing on Nasdaq via a SPAC under Cantor Fitzgerald. The merger is expected to grant Securitize a valuation of $1.25 billion and trade under the ticker symbol SECZ. Securitize plans to tokenize its equity and is the issuer of BlackRock's on-chain treasury fund BUIDL. Roche stated that his professional focus lies at the 'intersection of regulatory compliance and technological innovation.'