Republic, a New York-based investment platform, has started offering tokenized exposure to SpaceX shares, aiming to give retail investors access to private company stakes that were traditionally limited to large, accredited investors.
What Happened: The company’s digital tokens, which do not confer direct ownership but provide exposure to share performance, will soon be available for purchase, with plans to expand the offering to other private giants like OpenAI, Anthropic, Stripe, X, Waymo, and Epic Games, according to The Wall Street Journal.
Republic co-CEO Andrew Durgee told CNBC the initiative is designed to open doors for retail investors who have long been excluded from pre-IPO opportunities.
“The fact that retail investors couldn’t own pre-IPO SpaceX has always been crazy to us,” Durgee said, emphasizing the company’s focus on assets with broad public interest.
Tokenization in crypto involves creating blockchain-based representations of assets like stocks or commodities. Investors in these tokenized products gain price exposure but do not hold …