PANews reported on June 26 that according to The Block, citing WSJ, the investment platform Republic plans to expand retail investors' access to private companies and will provide digital assets that track the performance of Musk's aerospace company SpaceX. Republic intends to acquire SpaceX shares and issue blockchain-based tokens to track shareholdings. In addition, the platform also plans to launch digital tokens that track the performance of private artificial intelligence companies OpenAI and Anthropic. Republic said the bill allows US-based companies to raise up to $5 million a year from retail investors by issuing securities. Holders can purchase for $50 to $5,000, far below the minimum amount typically required to invest in private companies. Individuals who hold company tracking tokens for a full year can also exchange them on the cryptocurrency trading platform INX. It is not clear whether SpaceX will object to the tokenization of shares.
Republic plans to tokenize shares in private companies like SpaceX and OpenAI
Share to:
Author: PA一线
This content is for informational purposes only and does not constitute investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
