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One regulated stack for private markets
Issue, invest, hold and trade private assets on-chain through licensed entities in the US, UK and EU, with minimums as low as $50 on select offerings.
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$2.6B+
Deployed through the platform¹
2,500+
Ventures funded¹
3M+
Community members¹
150
Countries¹
Institutional infrastructure for the full life of a private asset, from structuring to secondary trading
Six layers on one platform, each run by the Republic entity licensed for it.
Tokenization
Structuring and on-chain issuance for issuers bringing an asset on-chain under an applicable exemption.
Learn more →
Distribution
Offerings reach Republic's investor network, with funding by card, Apple Pay or stablecoin.
Learn more →
Custody
Underlying assets sit with qualified custodians such as BitGo Bank & Trust, not on Republic's balance sheet.
Secondary trading
After lock-up, eligible investors can trade positions on Republic ATS, around the clock.
Learn more →
Republic in the news
Blockchain-driven platform to mimic stock trading, allowing users to buy shares of SpaceX, other hot private companies
Republic may build a secondary exchange for digital securities, fueled by $150 million in new funding
Companies now stay private for years, and most people can’t invest until they list
Many companies take years to reach an IPO, acquisition or other monetizable liquidity event, and until then liquidity has remained limited.² Meanwhile, eligibility rules keep most individuals outside the asset class entirely.
~1 in 100
About 99% of individuals globally do not meet US accreditation standards, and regulation has historically barred them from investing in many private companies.³
Institutional-grade funds, open to more investors
The Hamilton Lane Private Infrastructure Fund is available to US retail investors on Republic from a $500 minimum, the first private infrastructure offering open to non-accredited US investors at that level.⁵
Access is a legal question, not a demand question
Accreditation rules, high allocation minimums and closed distribution networks, not investor appetite, are what keep most people outside private markets.
Tokenization is the mechanism
On-chain issuance supports fractional positions, transferability and programmatic eligibility checks, which is why third-party estimates for tokenized assets by 2030 range from $2 trillion to $16 trillion.⁴
On-chain, a minimum can drop from $100,000+ to $50
Lower stated minimums, eligibility handled at the account level, and a regulated venue where positions can trade after lock-up rather than waiting on an exit.
Typical traditional allocation minimum
$100,000+
Hamilton Lane Private Infrastructure Fund on Republic⁵
$500
At least 200x lowerFirst Mirror Token offering³
$50
At least 2,000x lower24/7
Tokenized positions can trade around the clock on a regulated venue rather than only at a liquidity event, subject to lock-up, jurisdiction and eligibility.⁶
Traditional private-market access compared with Republic's on-chain model. Eligibility, minimums and trading availability vary by jurisdiction and offering.
| Traditional private markets | Republic | |
| Minimum | Often $100,000+ per allocation | $500 on the Hamilton Lane Private Infrastructure Fund⁵; $50 on the first Mirror Token offering³ |
| Eligibility | Accredited and institutional investors | Eligible investors, subject to KYC/AML and jurisdictional restrictions⁶ |
| Liquidity | Wait for an IPO or acquisition | Secondary trading on Republic ATS, subject to lock-up and eligibility⁶ |
| Settlement | Paper subscriptions, wires, weeks | On-chain issuance; funding by card, Apple Pay or stablecoin³ |
| Register | Fund administrator and external transfer agent | Registered transfer agency inside the same stack⁷ |
One platform, with each product run by the entity licensed for it
One platform, several regulated routes. Each product sits with the entity licensed for it, which is why the same activity can look different in legal terms.⁷
Invest
Private-market offerings for individuals: startups, funds, real estate, film and digital assets, including the Hamilton Lane infrastructure fund from a $500 minimum.
Regulation Crowdfunding through OpenDeal Portal LLC; other exemptions through OpenDeal Broker LLC
Learn more →Accredited and institutional
Reg D deals, SPVs and venture vehicles for accredited and institutional investors.
Republic Capital Adviser LLC, an SEC-registered investment adviser
Learn more →Republic Trade
A regulated venue to buy, sell and hold tokenized securities and crypto, available around the clock to eligible investors.
Republic ATS, operated by a broker-dealer, member FINRA/SIPC
Learn more →Wallet
Self-service management of digital assets held with qualified third-party custodians, with funding by card, Apple Pay or stablecoin.
Assets held by qualified third-party custodians, including BitGo Bank & Trust
Learn more →Mirror Tokens
Digital notes whose payout tracks a named private company, from a $50 minimum, with a lock-up before any secondary trading.
Issued by RepublicX LLC; debt securities of RepublicX, not equity in the referenced company
Learn more →Republic Note
A profit-sharing token tied to Republic's own portfolio, with a secondary market for holders.
Issued by Republic Core LLC; its secondary market operates as a bulletin board, not an exchange or ATS
Learn more →Tokenization
Structuring, issuance, custody, transfer agency and listing for institutional issuers bringing an asset on-chain.
Delivered across Republic entities with Republic ATS as the trading venue
Learn more →Advisory
Token design, tokenomics and growth advisory for digital-asset teams.
Republic Crypto LLC, advisory only; no securities activity
Learn more →Issuers can structure, issue, hold and list an asset in one place
Structure, custody and mint, distribute, trade. The difference from a pure infrastructure vendor is distribution: an issuer gets investors and a venue, not just a token standard.⁶
Structure
The offering is structured under an applicable exemption, with the legal wrapper and investor eligibility defined up front.
Custody and mint
The underlying asset is held with a qualified custodian; tokens are minted on-chain against that position.
Distribute
The offering is distributed to Republic's investor base, with funding by card, Apple Pay or stablecoin.
Trade
After lock-up, eligible investors can trade the position on Republic ATS, subject to jurisdictional restrictions.
What an issuer gets
Investor distribution
Access to Republic's investor base of 3M+ members across 150 countries, plus partner channels: Bitget's IPO Prime pre-IPO tokens are issued through Republic and distributed to Bitget's users, with Bitget acting as calculation agent.¹,⁸
Custody and register
The underlying asset sits with a qualified custodian such as BitGo Bank & Trust, with transfer agency and administration handled inside the same stack rather than stitched across vendors.⁶,⁷
A venue, not just a token
Issuances can list for secondary trading on Republic ATS, an alternative trading system operated by an SEC-registered broker-dealer and member FINRA/SIPC, subject to lock-up and eligibility.⁶
Who it is for
Asset managers bringing a fund to a new investor base, corporate issuers seeking employee or early-holder liquidity without an IPO, and platforms that need regulated rails behind their own audience.²
A top provider of tokenized private-market assets
rwa.xyz tracks every tokenized real-world asset and the platform behind it. In tokenized private equity and venture capital, Republic is among the top platforms by value, and the only one whose assets are all equity in individual private companies rather than funds.⁹
$133.4M
Republic asset value tracked in tokenized private equity and venture capital
3 of 25
Assets tracked in the category are issued through Republic
100%
Of Republic's tracked assets are individual private-company equity, issued on Solana
The largest tokenized SpaceX-linked asset tracked in the category
Values as reported by rwa.xyz on September 14, 2026. Figures move daily.⁹
Not affiliated with, endorsed by, or equity in SpaceX or OpenAI.
$85.8M
preSPCX (formerly preSPAX)
Private equity, Solana. Issued through Republic, distributed on Bitget IPO Prime.
$24.7M
preOPAI
Private equity, Solana. Issued through Republic, distributed on Bitget IPO Prime.
$23.0M
Animoca Equity (AB1)
Private equity, Solana. Tokenized Animoca Brands ordinary shares, custodied by BitGo Bank & Trust.
Each activity sits with a licensed entity, and assets sit with qualified custodians
Republic is multi-entity by design: each activity sits in the entity licensed for it. The parent company, OpenDeal Inc., is not itself a broker-dealer or investment adviser.⁷
OpenDeal Portal LLC
Republic's regulated crowdfunding portal: a funding portal registered with the SEC and a member of FINRA, hosting Regulation Crowdfunding offerings.
OpenDeal Broker LLC
Republic's registered broker-dealer for Reg A+, Reg D and Reg S activity. Its record is publicly viewable on FINRA BrokerCheck.
Republic Capital Adviser LLC
SEC-registered investment adviser behind accredited and institutional venture vehicles, held under Republic Maximal LLC.
Republic ATS
SEC-registered broker-dealer, member FINRA/SIPC, and operator of an alternative trading system: the execution venue behind tokenized secondary trading.
RepublicX LLC
Issuer of the Mirror Tokens. Mirror Tokens are debt securities of RepublicX, not equity in the referenced company; RepublicX is not a broker-dealer or adviser.
BitGo Bank & Trust
Third-party qualified custodian for crypto and tokenized assets, including the book-entry shares behind Republic's tokenized equity offerings.
Custody with a qualified custodian
Underlying assets sit with a qualified custodian, not on Republic's balance sheet; tokens are minted against that custodied position.⁶
Segregated customer funds
The Republic ATS operator has stated that, working with its legal, custody and bank partners, it established legal segregation of customer funds in an effort to make them bankruptcy remote.¹¹
Audited security controls
The Republic ATS operator completed the SOC 2 certification process in January 2023 and piloted an enterprise-level wallet management solution for security tokens with BitGo.¹¹
Eligibility checks on every account
Access to offerings and to the ATS is subject to jurisdictional eligibility, KYC/AML requirements and applicable regulatory restrictions.⁶
Regulated in the US, UK and EU, with teams in the UAE and South Korea
Operations are established in five regions, each under its own regulator. Eligibility for any given offering depends on where an investor is resident.¹²
United States
SEC-registered funding portal and broker-dealer entities, an SEC-registered investment adviser, registered transfer agency and an alternative trading system.⁷,¹⁰
United Kingdom
Republic Europe, formerly Seedrs, is authorized and regulated by the Financial Conduct Authority and serves UK investors and issuers as a separate platform.
European Union
EU investors and issuers are served through europe.republic.com, Republic's European platform, subject to local rules.
United Arab Emirates
Regional operations supporting institutional and digital-asset activity.¹²
South Korea
Regional operations supporting the digital-asset business.¹²
Company and contact
Republic is the trading name of OpenDeal Inc., headquartered at 149 5th Avenue, 10th Floor, New York, NY 10010. Media and partnership inquiries go through republic.com/contact. Broker-dealer records are available on FINRA BrokerCheck.¹⁰
Republic is hiring across engineering, compliance and capital markets.
Ten years from funding portal to regulated trading venue
Each step added a piece of the stack: distribution, licenses, institutional supply, issuance, and a regulated venue to trade.
2016
Republic is founded
Built as a network of investment platforms across startups, funds, real estate, film and digital assets, using US exemptions that allow non-accredited participation.
Jun 2023
Investment in INX and collaboration agreement
Republic acquired 9.5% of INX, a US-regulated broker-dealer, ATS and transfer agent, for $5.25 million at an approximate pre-money valuation of $50 million, alongside an agreement to offer tokenized-asset services to Republic and its portfolio companies.
9.5%
Stake acquired¹¹
Mar 2025
Hamilton Lane infrastructure fund opens to US retail on Republic
HLPIF launched on Republic as the first private infrastructure offering available to non-accredited US investors with a minimum as low as $500, with the intention to make it available in a tokenized format.
$500
Minimum investment⁵
Jun 2025
Mirror Tokens introduced
Mirror Tokens are digital notes issued by RepublicX LLC whose payout tracks the performance of a named private company. The first offering, rSpaceX, was made available with a $50 minimum, no accreditation requirement, Apple Pay or stablecoin funding, and an initial $5,000 purchase cap.
$50
Stated minimum³
Nov 2025
INX acquisition closes
Republic's US and UK presence combined with INX's licenses and trading technology, creating a lifecycle for tokenized assets under SEC and FINRA oversight, from primary issuance to secondary trading, together with distribution of the approximately $34.3 million cash fund.
~$34.3M
Cash fund distributed¹²
Mar 2026
Hamilton Lane makes a strategic investment in Republic
The investment supports Republic's work on tokenization and on-chain infrastructure, and continued product design, distribution and investor education across the platform.
Apr 2026
Republic issues pre-IPO tokens for Bitget's IPO Prime
Bitget launched IPO Prime with preSPAX, a SpaceX-linked token issued through Republic on Solana, drawing more than 13,000 subscribers and over $171 million in commitments; preOPAI followed in May 2026. Republic issues and Bitget distributes, so the tokens reach a global exchange audience without leaving a regulated issuance stack.
$171M+
preSPAX commitments⁸
May 2026
Animoca Brands equity tokenized on Solana
Tokens representing Animoca Brands ordinary shares were minted on Solana and opened for trading on Republic's regulated secondary marketplace via Republic ATS, with BitGo Bank & Trust custodying the underlying book-entry shares.
Solana
Issuance network⁶
Led by operators in securities, capital markets and digital assets
Republic is led by co-founder and Co-CEO Kendrick Nguyen and Co-CEO Andrew Durgee, with teams across the US, UK, EU, UAE and South Korea spanning regulated broker-dealer operations, fund management, engineering and on-chain infrastructure.¹²
Investors review us in public, on Trustpilot
400+
Public reviews on Trustpilot, where anyone can post and reviews are not moderated by Republic.¹³
Backed by
Valor Equity Partners and Galaxy Interactive per Republic's company profile; Hamilton Lane joined as a strategic investor in March 2026; Republic was founded as a spin-out of AngelList.¹³,¹⁴
“Republic offers a good variety of investment opportunities, and plenty of opportunities for investors to learn. Republic also communicates regularly with their investment communities.”
“My inquiries were handled promptly, professionally, and with a feeling that the people at Republic actually shared my concerns.”
Partners say it on X
Grayscale
We’re excited to announce a partnership with @joinrepublic to expand access to Grayscale investment products for eligible investors.
View post on XSolana
BREAKING: @joinrepublic launches tokenized @animocabrands equity on Solana
The full-cycle of equity is onchain: tokenization, issuance, and secondary trading live today.
All quotes are excerpts from public reviews of Republic on Trustpilot.¹³ They reflect individual experiences, are not representative of all investors, were not compensated, and are not indicative of future results. Read all reviews, including critical ones, at trustpilot.com/review/republic.co. Posts on X are quoted from the partners' public accounts and link to the originals.
How we think about private markets
Research and market commentary from the Republic team.
Frequently asked questions
Invest, raise or tokenize on regulated rails
Browse current offerings, raise on a regulated platform, or talk to us about bringing an asset on-chain.
Sources and footnotes
The INX Digital Company, Inc. announces successful closing of transaction with Republic, November 10, 2025: approximately $34.3 million cash fund; operations in the US, UK, EU, UAE and South Korea; Kendrick Nguyen quotation. newswire.ca
Republic launches SpaceX-linked token open to all, Business Wire, June 25, 2025: $50 minimum, no accreditation requirement, Apple Pay and stablecoin funding, $5,000 initial purchase cap, 99% accreditation figure. businesswire.com
Republic launches tokenization of Animoca Brands equity on Solana, May 5, 2026: Solana issuance, BitGo Bank & Trust custody, trading via Republic ATS, eligibility and KYC/AML restrictions. republic.com
INX Ltd Form 6-K filings, US Securities and Exchange Commission: 9.5% subscription for $5.25 million at an approximate $50 million pre-money valuation; SOC 2 completion (January 2023); legal segregation of customer funds; BitGo enterprise wallet pilot. sec.gov
Republic Note update: INX acquisition closes: time to liquidity for private companies, SEC and FINRA oversight of the combined entity, reported interest from large private companies. republic.com
Third-party tokenization estimates: McKinsey ($2 trillion by 2030, excluding stablecoins) and BCG ($16 trillion by 2030), with the tokenized asset market reported at approximately $60 billion in mid-2026. Forecasts are directional and are not Republic projections. forbes.com
Reporting on Mirror Token structure and limitations: tokens do not confer ownership, shareholder rights or access to company disclosures. cryptonews.com
Andrew Durgee, Co-CEO, quoted on Republic's tokenization strategy. republic.com
Republic help center: which entities comprise Republic's family of companies: OpenDeal Inc. (parent, not itself a broker-dealer or adviser), OpenDeal Portal LLC, OpenDeal Broker LLC, Republic Maximal LLC, Republic Capital Adviser LLC, Republic Crypto LLC. Entity roles for RepublicX LLC and transfer agency per Republic's internal entity and regulatory map. republic.com
Republic investor disclosure: securities activity conducted by OpenDeal Broker LLC, a registered broker-dealer, member FINRA and SIPC. republic.com
Platform-published figures: $2.6B+ deployed, 2,500+ ventures funded, 3M+ community members, 150 countries. republic.com
Hamilton Lane pioneers access to private markets with the first US infrastructure evergreen fund available to retail investors on Republic with a minimum initial investment of $500, March 19, 2025. prnewswire.com
Hamilton Lane announces strategic investment in Republic, March 2026: supporting tokenization and on-chain infrastructure, product design, distribution and investor education. hamiltonlane.com
rwa.xyz, tokenized private equity and venture capital: platform and asset values, as of September 14, 2026. Category totals, Republic asset values and SpaceX-linked asset comparisons are read from that table. app.rwa.xyz
Trustpilot, Republic company profile and public reviews, accessed September 2026; the profile's company description names Valor Equity Partners and Galaxy Interactive as backers. trustpilot.com
CoinDesk, Bitget brings pre-IPO tokens to masses starting with SpaceX on Solana, April 21, 2026; Bitget IPO Prime materials reporting 13,000+ preSPAX subscribers and $171 million+ in commitments, and preOPAI (May 2026) issued through Republic. coindesk.com
This page is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, investment advice, or a recommendation of any security or digital asset. Securities transactions are facilitated through the applicable Republic entity, including the SEC-registered broker-dealer, member FINRA/SIPC, that operates Republic ATS. Access is subject to jurisdictional eligibility, KYC/AML requirements and applicable regulatory restrictions. Investments in private companies and tokenized alternative assets are speculative, illiquid and involve a high degree of risk, including loss of the entire investment. Third-party forecasts and past performance do not predict future results.
