Republic to Tokenize Animoca Brands Equity on Solana Blockchain
Republic plans to tokenize shares of Animoca Brands on the Solana blockchain, enhancing investor access via blockchain.
Animoca Brands, a supporter of over 600 blockchain startups, currently has shares traded in limited over-the-counter deals.
The tokenization will allow digital tokens representing company ownership to be traded on Republic's marketplace.
This initiative aims to provide broader market access for global investors to private tech companies without needing traditional public listings.
Tokenization is seen as a way to offer wider access to traditionally exclusive assets, though it raises concerns about shareholder rights and regulatory fragmentation.
Animoca's equity token will comply with existing regulations; further details on pricing and launch timelines are forthcoming.
Solana Foundation president Lily Liu highlighted the potential for retail investors to engage in previously limited opportunities globally.
