$50 to buy SpaceX stock? Republic launches tokenized investment in private companies, OpenAI may be the next target

Summary: Felix, PANews

On June 25, Republic, a global private securities trading platform based in New York, launched the Mirror Tokens program, a new type of token linked to the performance of the world's most valuable private companies. By issuing tokens on the blockchain that are tied to private company stocks, it aims to provide opportunities in unlisted private companies.The first tokenized asset matches SpaceX, named rSpaceX. In addition to SpaceX, Republic plans to launch digital tokens tracking the performance of private AI companies OpenAI and Anthropic in the future.

rSpaceX Minimum Investment of $50, No SpaceX Permission Required

The Republic issuance page shows that rSpaceX tokens will be minted on the Solana blockchain, priced at $1 each, with a minimum investment of $50 and a maximum of $5,000 Republic's target range price range is $225 $ to $275 per share.

Investors can participate in this rSpaceX token issuance via Apple Pay or USDC. rrSpaceX token holders will not become shareholders of the company but will participate in stock price fluctuations, reflecting the economic performance of direct ownership. The investment is custodied in the user's own wallet, trackable on the blockchain, and supported by Republic.

Republic CEO Kendrick Nguyen stated that the rSpaceX token represents securities sold by Republic itself without, permission from SpaceX or other companies.

to Republic'sized May Have Circumvented Regulatory Risks

Private equity tokenization has been of great interest in the past. Due to regulatory pressure, Binance suspended similar issuances in 2021. Republic says its current model is different. Republic plans to use the Reg CF (Crowdfunding Regulationatio) exem,ing, providing a pathway for small investors to issue these tokensens. Reg CF exemption allows qualified and non-qualified investors to participate in securities issuance. Since Is a CF is a notification filing form, the issuance documents submitted to the US SEC do review.

Additionally, according to sources, the company can issue these tokens under the 2012 JOBS Act. The act allows US-based companies to raise up to $5 million annually from investors by issuing securities.>exit methods, racebe tradable on the secondary market INX exchange after a one-year lock-up period. April this year, Republic agreed to acquire its parent company INX Digital for $60 million to enhance its real-world asset security tokens, investment crypto investment services.

In addition to secondary market trading, if a qualifying liquidity event occurs, such as an IPO, direct listing, or acquisition, investors will receive token token returns matching SpaceX's stock price h3Already In Tokenized Stock"<>, announced plans last monthized versions of more than 50 US stocks and ETFs, including Tesla. However, this service is only open to non-US investors.

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