Investment platform Republic revealed plans on Wednesday to tokenize shares of crypto venture firm Animoca Brands on the Solana (SOL) blockchain, a move aimed at opening investor access through blockchain rails.
Animoca Brands, known for backing over 600 blockchain startups and projects, remains privately held with shares only traded in limited over-the-counter deals. Republic said its plan will create digital tokens that represent ownership in the company, which can be held in crypto wallets and traded on Republic’s own marketplace.
"This tokenization aligns strongly with Animoca Brands’ position as a Web3 leader, providing novel options for investors to tokenize and trade their holdings as well as broaden investment accessibility for a wider market," said Yat Siu, executive chairman an