<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:ns1="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G/A</submissionType>
    <previousAccessionNumber>0001085146-25-005818</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <cik>0000009631</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>1</amendmentNo>
      <securitiesClassTitle>Class A Ordinary Shares</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>12/31/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0002023676</issuerCik>
        <issuerName>Launch Two Acquisition Corp.</issuerName>
        <issuerCusip>G5S87A105</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <ns1:street1>180 GRAND AVENUE SUITE 1530</ns1:street1>
          <ns1:city>OAKLAND</ns1:city>
          <ns1:stateOrCountry>CA</ns1:stateOrCountry>
          <ns1:zipCode>94612</ns1:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(b)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>BANK OF NOVA SCOTIA</reportingPersonName>
      <citizenshipOrOrganization>Z4</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>31400</soleVotingPower>
        <sharedVotingPower>0</sharedVotingPower>
        <soleDispositivePower>31400</soleDispositivePower>
        <sharedDispositivePower>0</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>31400</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>0.14</classPercent>
      <typeOfReportingPerson>FI</typeOfReportingPerson>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>Launch Two Acquisition Corp.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>180 GRAND AVENUE SUITE 1530, OAKLAND, CALIFORNIA
94612</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>BANK OF NOVA SCOTIA</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>40 TEMPERANCE STREET
TORONTO, Ontario, Canada
M5H 0B4</principalBusinessOfficeOrResidenceAddress>
        <citizenship>BANK OF NOVA SCOTIA - CANADA (FEDERAL LEVEL)</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>N</notApplicableFlag>
        <typeOfPersonFiling>FI</typeOfPersonFiling>
        <typeOfPersonFiling>OO</typeOfPersonFiling>
        <otherTypeOfPersonFiling>A parent holding company, in accordance with 13d-1(b)(i)(ii)(g)</otherTypeOfPersonFiling>
      </item3>
      <item4>
        <amountBeneficiallyOwned>31,400</amountBeneficiallyOwned>
        <classPercent>0.14</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>BANK OF NOVA SCOTIA - 31,400</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>BANK OF NOVA SCOTIA - 0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>BANK OF NOVA SCOTIA - 31,400</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>BANK OF NOVA SCOTIA - 0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>N</notApplicableFlag>
        <classOwnership5PercentOrLess>Y</classOwnership5PercentOrLess>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to The Bank of Nova Scotia is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>BANK OF NOVA SCOTIA</reportingPersonName>
      <signatureDetails>
        <signature>Raj Sachdeva</signature>
        <title>Vice President, Head of GBM&amp;T, Compliance Canada</title>
        <date>01/27/2026</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
