Crowdfunding platform Republic announced plans to offer “Mirror Tokens” that track the performance of unlisted unicorns including SpaceX and Anthropic. The security tokens will be available to global retail investors, including the US, for as little as $50. Republic has backing from major investors including Morgan Stanley, Founders Fund and Galaxy.
The offering targets smaller investors seeking access to high growth startups typically reserved for institutions and wealthy individuals. While these companies remain unlisted, their shares trade on private secondary markets, with those valuations used to price the tracker tokens.
Republic emphasizes that tokens like rSpaceX are not issued by SpaceX and do not represent company equity. Instead, they are loan notes issued by RepublicX with uncertain repayment dates. Token holders can redeem their investments if the underlying company goes public or gets acquired, and will receive accumulated dividends. Otherwise, investors face a one year lockup period before attempting to trade on Republic’s secondary market through its planned acquisition of INX token exchange.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
