The Republic plans to tokenize the stocks of private companies such as SpaceX and OpenAI.

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Techub News reports that according to The Wall Street Journal, the investment platform Republic plans to tokenize the stocks of private companies such as SpaceX and OpenAI to improve accessibility for retail investors. Republic stated that it can issue these tokens in accordance with the 2012 Jumpstart Our Business Startups (JOBS) Act, which allows U.S.-based companies to raise up to $5 million annually from retail investors by issuing securities. Holders will be able to purchase digital assets worth $50 to $5,000, significantly lower than the usual minimum amounts of $10,000 or $100,000 required to invest in private companies. Individuals holding company tracking tokens for one year will also be able to redeem them on the cryptocurrency trading platform INX.

In April, Republic agreed to acquire INX Digital for up to $60 million.

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