PANews reported on December 9th that, according to The Block, asset tokenization company Securitize announced the hiring of former PayPal Digital Assets Legal Head Jerome Roche as General Counsel to prepare for its Nasdaq listing through a SPAC owned by Cantor Fitzgerald. The acquisition is expected to value Securitize at $1.25 billion and will be traded under the ticker symbol SECZ. Securitize plans to tokenize its equity and is the issuer of BlackRock's on-chain government bond fund, BUIDL. Roche stated that his professional focus is "at the intersection of regulatory compliance and technological innovation."