New York based retail investment platform affiliated with AngelList raised $12m to finance the tokenization of the Republic platform and the development of its own security token. The round was led by Binance Labs and NGC ECO Fund.
"Underlying our goal of becoming the marketplace for private investing is our mission to promote broad, diverse participation in all forms of entrepreneurship. The global crypto fever has moved the needle forward almost overnight, but it has also introduced new regulatory and business complexities," says Kendrick Nguyen, CEO of Republic. "We believe cross-border collaboration is necessary to navigate these complexities and help the industry grow quickly, but responsibly. Republic is delighted to have influential partners and investors from different regions of the world join forces on this shared vision."