According to BlockBeats on July 24, Fold Inc. is in talks to go public with the SPAC founded by Betsy Cohen.

The deal with FTAC Emerald Acquisition Corp., which could be announced Wednesday, would value Fold at nearly $500 million, the sources said.

Representatives for Fold and the SPAC declined to comment for this story.

Fold is one of several crypto companies preparing to go public in the U.S. Genesis Digital Assets is planning an IPO and Northern Data AG is also considering a listing.