Republic Plans to Tokenize Private Company Shares

Investment platform Republic plans to expand retail investors' access to private companies by offering digital assets tied to firms like SpaceX. According to the Wall Street Journal, Republic intends to acquire SpaceX shares and introduce a blockchain-based equivalent that reflects those holdings. Additionally, tokens will track the performance of private AI firms OpenAI and Anthropic. While direct shareholder rights are not granted, these tokens offer market access to otherwise unreachable investments. This initiative uses the 2012 JOBS Act, allowing up to $5 million annually from retail investors. Tokens can be acquired for as little as $50, much less than usual private investment minimums. After a year of holding, tokens can be traded on the INX platform. While SpaceX's reaction to tokenization is unknown, the company has supported cryptocurrency before. As of June 2025, SpaceX holds 8,285 BTC worth about $894.46 million.