Overview
- Republic said it will mint digital tokens representing Animoca Brands equity on the Solana blockchain and distribute them directly to investors’ wallets for trading on its global marketplace.
- Animoca Brands remains privately held with shares historically available only through illiquid OTC deals, and the tokenization aims to broaden access and improve liquidity and transparency.
- Solana Foundation president Lily Liu called the effort a glimpse of faster global access to private company ownership, and Animoca co-founder Yat Siu said the structure offers new options for investors.
- Republic cites its private-markets track record, including more than $3 billion deployed across 2,500 companies and recent products such as Mirror Tokens and a partnership with Hamilton Lane, while noting details on pricing and launch timing are forthcoming.
- The move aligns with accelerating RWA activity on Solana, following tokenization initiatives by Galaxy Digital and Forward Industries and RedStone’s report of over $700 million in RWAs on the network excluding stablecoins.