Republic plans to tokenize the stocks of companies like SpaceX.

[Republic plans to tokenize stocks of companies like SpaceX] Republic plans to tokenize the potential exposure of companies like SpaceX, with the tokens for SpaceX and other companies initially priced based on the trading of the company’s stock in the Secondary Market, allowing accredited investors to trade these companies’ stocks in the Secondary Market. One reason it can offer tokens is a provision in the 2012 JOBS Act that allows U.S. private companies to issue securities and raise up to $5 million annually from retail investors. Republic states that it will be these token issuance companies, and the company guarantees token holders that if SpaceX’s common stock is listed or purchased, token holders will receive any upside rewards.

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