Republic

Republic operates a global financial firm structured as a "family of companies," combining an enterprise-focused digital merchant bank with a network of retail investment platforms. Its retail marketplaces let investors access private-company deals in the US, UK and EU, including offerings conducted under Regulation Crowdfunding, Regulation A+, Regulation D and Regulation S, alongside accredited-only deals through Republic Ventures and institutional venture investing through Republic Capital. Segment coverage spans startups, sports and entertainment, real estate and small business, and the firm has run divisions dedicated to real estate, blockchain and tokenization, including crypto-focused investment funds and a digital investment arm centered on metaverse assets and NFTs.

On the business-services side, Republic offers capital-raising products (early-stage and community raises, equity "sharedrops" that gift shares to a community, and a token launchpad), real-world-asset tokenization for funds, debt, equity and commodities, and on-chain infrastructure such as validator tooling, RPC and testnet/mainnet support, wallet-as-a-service, proof-of-stake staking and foundation support. An advisory and research practice covers token design, token management and distribution, security tokenization, NFT strategy, token offerings and go-to-market work. The company also issues the Republic Note, a profit-sharing digital security tied to its portfolio, and has introduced Mirror Tokens providing pre-IPO exposure to private companies.

Republic states it is licensed across the US, UK and EU, operating as an SEC-registered funding portal and SEC-registered broker-dealer, with state money transmitter licenses covering 48 US states and Washington, DC (excluding Montana and New York) and MSB status. Following its acquisition of INX, the group says it operates under SEC and FINRA oversight across primary tokenized-asset issuance and secondary trading.

Founding story

Republic was founded in 2016 by Kendrick Nguyen, Paul Menchov and Peter Green, and has been characterized in press coverage as a spinoff of AngelList.

Business model

Republic runs regulated marketplaces and infrastructure that connect issuers seeking capital with retail, accredited and institutional investors, and sells adjacent enterprise services: tokenization, blockchain infrastructure, staking, and web3 advisory and research. It also invests directly through in-house vehicles, including the Republic Capital venture arm and feeder funds into third-party funds, and issues its own profit-sharing Republic Note tied to portfolio upside.

Sources describe fundraising, brokerage, secondary trading, transfer agency, money transmission, tokenization, staking and advisory services offered to issuers, enterprises and investors, plus in-house fund and venture investing; specific fee structures are not stated.

Traction

As of 05/01/25 the company's site reports $2.6B capital deployed, $1.5B in delegated digital assets, 3,000 global raises supported, 95 enterprise clients, 27 portfolio unicorns and 3 million community members, with backing from 25+ VC and PE firms and an evergreen portfolio of 750+ ventures. Its raise pages cite over $3B raised and invested, 2,500+ ventures funded, investors in 150 countries and issuers in 20+ countries. Earlier reporting noted more than $700 million facilitated for one million users at the time of the Series B, nearly $1 billion in private-capital AUM, and $500 million deployed by July 2021. Notable campaigns include Gumroad ($5M from 7,331 investors), AFC Wimbledon (£3.9M+ from 5,070 investors), Revolut (£3.8M from 3,516 investors), Hawaiian Bros ($4.2M) and Watford FC ($6.8M+).

Latest developments

Republic completed its acquisition of INX, a regulated trading platform for digital securities and cryptocurrencies, after a two-year effort; the company frames the deal as adding secondary-market liquidity for tokenized equity and Mirror Token holders under SEC and FINRA oversight. It also announced a tokenization offering with Animoca Brands in September and continues to publish portfolio updates and note-holder AMAs.