Tether asset custodian's affiliated company plans to merge with Bitcoin company, seeking to go public after completion.

[Coin World] Tether's asset custodian Cantor Fitzgerald's affiliate Cantor Equity Partners and Bitcoin financial company Twenty One Capital have submitted an S-4 registration statement draft to the SEC regarding the related merger transaction. This registration statement draft involves the proposed business merger between Cantor Equity Partners and Twenty One Capital, which was publicly announced on April 23, 2025. It is expected that after the business merger is completed, Twenty One will seek to list with the stock code "XXI". However, the completion of the proposed transaction is subject to customary closing conditions, including the approval of Cantor Equity Partners' shareholders.