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Republic plans to tokenize stocks of private companies like SpaceX and OpenAI
Summary: Investment platform Republic plans to increase accessibility for retail investors to private companies by offering digital assets tracking the performance of Elon Musk's aerospace company SpaceX. Republic intends to acquire SpaceX shares and issue blockchain-based tokens to track ownership. Additionally, the platform also plans to launch digital tokens tracking the performance of private artificial intelligence ...
Investment platform Republic plans to increase accessibility for retail investors to private companies by offering digital assets tracking the performance of Elon Musk's aerospace company SpaceX. Republic intends to acquire SpaceX shares and issue blockchain-based tokens to track ownership. Additionally, the platform also plans to launch digital tokens tracking the performance of private artificial intelligence companies OpenAI and Anthropic. Republic stated that the legislation allows US-based companies to raise up to $5 million annually from retail investors by issuing securities. Holders can purchase with as little as $50 to $5000, much lower than the typical minimum amount required to invest in private enterprises. Individuals holding company tracking tokens for a year can also redeem them on the cryptocurrency exchange platform INX, although it is unclear if SpaceX will object to tokenizing their stocks.
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