$2.3 billion SPAC financing completed, this company aims to strike it rich in the blockchain ecosystem

【ChainNews】Recently, a special purpose acquisition company, Launchpad Cadenza, completed a NASDAQ listing, raising $230 million. The Class A common shares and warrants have been officially listed and traded, with the funds fully deposited into a trust account, and Cantor Fitzgerald serving as the lead underwriter.

The subsequent use of this financing is quite interesting — the company explicitly stated that it will focus on high-quality targets in the blockchain, fintech, and digital asset sectors. Future plans include business integration through mergers, acquisitions, share exchanges, and asset acquisitions with technology and software infrastructure companies within the ecosystem.

In other words, this is another strategic move by a SPAC within the crypto asset ecosystem. Against the backdrop of the booming Web3 development, traditional financial institutions are engaging in the blockchain industry through this approach, seeking collaborations with promising underlying technology and infrastructure providers. Such financing trends reflect the continued warming of the digital asset ecosystem in attracting mainstream capital attention.