Catenaa, Thursday, July 03, 2025- Investment platform Republic is launching a program to tokenize shares of private companies like SpaceX, OpenAI, and Anthropic, offering blockchain-based digital assets that track the value of these firms, according to a Wall Street Journal report published Wednesday.
The initiative aims to democratize access to equity in high-profile startups that are typically out of reach for individual investors.
Token holders will not become shareholders in the companies but will gain exposure to their market performance through digital proxies issued on-chain.
Republic is leveraging provisions in the 2012 Jumpstart Our Business Startups (JOBS) Act, which allows US firms to raise up to $5 million per year from retail investors via securities offerings.
Buyers will be able to invest amounts ranging from $50 to $5,000, significantly lowering the threshold compared to traditional private equity minimums.
The tokenized assets will be tradable on the crypto platform INX after a one-year holding period. Republic previously agreed in April to acquire INX Digital for up to $60 million, reinforcing its push into tokenized securities and real-world assets.
The move could face scrutiny. While SpaceX has previously embraced crypto and currently holds over 200 BTC valued at nearly $900 million, it remains unclear whether the company will challenge Republic’s tokenization effort.
