SoftBank-backed Twenty One partners with Cantor’s SPAC for $3.6 billion crypto venture — TradingView News

SoftBank-backed crypto venture Twenty One Capital said on Wednesday it has agreed for a business combination with blank-check vehicle Cantor Equity Partners CEP in a $3.6 billion deal.

Twenty One Capital will be majority owned by stablecoin issuer Tether and cryptocurrency exchange Bitfinex. Japanese technology investor SoftBank Group 9984 will have a minority ownership.

The crypto venture will seek to trade on the Nasdaq under the ticker symbol “XXI” after the deal closes.

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