The investment company Republic is set to let retail investors get exposure to one of Tech’s most sought after startups, Elon Musk’s SpaceX.
As of this week, the platform plans to sell blockchain-based RSPACEX-tokens, whose value is set to track the value of the privately owned SpaceX, WSJ reports.
Each RSPACEX TOKEN is a promerness issued in accordance with the regulation of crowdfunding, a provision of the Job Act in 2012 that allows the sale of small securities to retail buyers.
Holders of the RSPACEX token will not be shareholders in the company who were valued at $ 350 billion last December, but would participate in the price actions for the shares.
The Republic is known for offering retail investors access to investments typically otherwise outside the borders. Its future token launches may include notes on shares in Openai and Anthropic, according to the WSJ report.
Permission from SpaceX or other companies is not necessary as the symbols represent securities sold by the Republic itself, said Republic’s CEO Kendrick Nguyen.
Investors will be able to trade tokens at Inx, an exchange republic is in the process of acquiring. However, there is a one -year possession period.
Other projects in the crypto sector are also looking to offer retail investors access to investments previously reserved for individuals with high net value. BNB Smart Chain-Based Paimon Finance this week launched SPCX, a token it says, offers exposure to SpaceX shares.
