Can retail investors also buy SpaceX? Republic launches tokenized private sale equity, low-cost investment in unlisted star companies.

The American investment platform Republic has announced the launch of tokenized private equity, with the first target being Elon Musk's space technology company SpaceX, and plans to expand to tech newcomers such as OpenAI and Anthropic in the future. Through the issuance of digital tokens representing shares via Blockchain, Republic opens the door to investment opportunities that were previously limited to institutions and high-net-worth individuals to the general retail investors.

Republic issues SpaceX "mirror token", allowing investment in unlisted companies for just 50 dollars.

Republic is an investment startup based in New York that recently announced the issuance of indirect equity in SpaceX in the form of "Mirror Tokens (Mirror Tokens)." Although these tokens are not related to the original company and do not represent legal ownership, holders can enjoy potential economic benefits linked to the company's performance.

Unlike traditional private sales, which often have a threshold of tens of thousands of dollars, Republic allows users to invest with a low cost limit of $50 to $5,000 through Apple Pay or stablecoins, making it more aligned with the affordability of the general public:

This tokenized asset will reflect the market's price expectations for SpaceX and provide a basis for the company's future potential performance in an IPO, merger, or other events.

Republic stated: "The goal of this plan is to break the barriers that have previously prevented retail investors from participating in private sales of star companies, allowing more people to share in the growth dividends of unlisted companies."

Republic CEO: OpenAI and Anthropic will be launched successively.

Tokenization products serve as digital tokens issued on the Blockchain that correspond to physical assets, with application scenarios ranging from stocks and real estate to private sale equity. They not only enhance liquidity but also make transaction records transparent and verifiable, shorten settlement times, and possess the advantages of programmable design.

Republic will launch unlisted company equity tokens in the future.

Republic co-CEO Andrew Durgee stated:

In the past, retail investors were unable to hold private shares in companies like SpaceX. Now, through blockchain and tokenization mechanisms, this investment barrier is being broken.

He revealed that in the future, Republic will issue more tokenized equity, including hot topics such as OpenAI, Anthropic, Perplexity, Stripe, X ( former Twitter ), and Waymo among other unlisted companies.

( Citigroup partners with Swiss SDX to target the $75 billion Pre-IPO market, promoting the tokenization of "unlisted equity" )

Regulatory ambiguity in gray innovation: Is company authorization required?

Even though this innovation attracts market attention, it also faces numerous regulatory and legal challenges. Specifically, it includes:

Legality issues: Does the issuance of such tokens comply with securities law? Does it require authorization from the company itself?

Disclosure obligations: How does Republic ensure that investors can obtain transparent information on company changes and financial reports, as well as other risk information?

Durgee emphasized that they operate on a framework established under the U.S. Securities Act of the 1930s, which provides a certain degree of legal flexibility.

We do not need to obtain the consent of the target company to proceed with the issuance of its Token, and in the future, some enterprises will definitely have a great interest in issuing such Tokens.

( Coinbase plans to launch tokenized stocks, becoming the blockchain version of Robinhood )

The Trump administration supports cryptocurrency, while financial giants are actively following suit.

Thanks to the open attitude of U.S. President Trump and regulatory agencies towards the cryptocurrency industry, Republic's actions are not that surprising. This includes the SEC's consecutive withdrawals of lawsuits against several exchanges and brokerage platforms, emphasizing that meme coins do not fall under securities, and establishing a special team to advance cryptocurrency asset regulation, among other measures.

At the same time, traditional financial institutions are also entering the market: Coinbase is striving to tokenize the trading of listed stocks, and Kraken plans to offer year-round trading of U.S. stock tokens. BlackRock CEO Larry Fink has even stated: "The tokenization of all financial assets is an important step for the future of capital markets."

(Larry Fink, CEO of BlackRock, is optimistic about asset tokenization. Is this a positive sign for cryptocurrencies?)

Today, the tokenized equity products of Republic herald a revolution in the democratization of capital markets that is taking shape. Through the high efficiency and high liquidity characteristics of Blockchain, investment opportunities that were once reserved for a select few are now being opened up to a broader range of investors. However, this change will inevitably provoke more regulatory discussions and market experiments.

Can retail investors also buy SpaceX? Republic launches tokenized private sale, low-cost investment in unlisted star companies. First appeared in Chain News ABMedia.