- Republic will tokenize equity in Animoca Brands on the Solana Blockchain.
- The move aims to give more investors access to Animoca Brands, which is not publicly listed.
- Tokenized shares will be distributed via Republic and tradable on their platform.
- The initiative reflects growing interest in real-world asset (RWA) tokenization in crypto.
- Animoca Brands seeks additional capital and continues expanding its presence in Web3 and Metaverse sectors.
Republic, a company specializing in tokenizing real-world assets, has announced plans to tokenize equity in the Hong Kong-based Web3 investment firm Animoca Brands. The tokenization will occur on the Solana blockchain, providing broader investment access to the company’s equity, which is currently unavailable on public exchanges.
According to a statement from Republic, tokenized equity will be created on Solana and distributed to the wallets of participating investors. Trading for these shares will take place on Republic’s proprietary platform. Animoca Brands has invested in over 600 different Web3 projects but is not currently listed on any public stock exchange.
“This initiative sets a precedent for how companies can structure their equity for the future,” said Andrew Durgee, co-CEO at Republic. Solana Foundation president Lily Liu commented that the move, “showcases what internet capital markets make possible,” by giving retail investors access to opportunities that were previously only offered to private markets.
Interest in real-world asset (RWA) tokenization, the process of representing physical or non-digital assets on blockchains, is increasing within the cryptocurrency sector. Animoca Brands recently published research suggesting that tokenized real-world assets could represent trillions of dollars from traditional finance in the future. Last week, large investment firms BlackRock and VanEck connected their tokenized funds with crypto markets using the Ripple USD stablecoin as an off-ramp, while Forward Industries, a Nasdaq-listed company, revealed plans to put its own equity on a blockchain.
Animoca Brands appears to be using this tokenization effort to raise more capital for ongoing growth. Earlier this month, the company joined a $6.9 million funding round for decentralized science platform Bio Protocol. At the same time, its metaverse-focused arm, The Sandbox, has reportedly been adjusting operations. Animoca Brands has also partnered with Ibex Japan, part of Antler, to launch a new investment fund focused on Web3 entertainment.
Further details can be found on Animoca Brands’ investment portfolio.
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