The Republic investment firm is scheduled to allow retail investors to obtain exposure to one of the new most coveted technology, Elon Musk Spacex.
As of this week, the platform plans to sell RSPACEX to blockchain, whose value is set to trace the value of the private Spacex, reports the WSJ.
Each token RSPACEX is a promisery note issued under the crowdfunding regulation, a provision in the 2012 job law that allows the sale of small values to retail buyers.
Token RSPAX holders will not be shareholders in the company, which was valued at $ 350 billion in December last year, but would participate in the share price action.
Republic is known for offering retail investors access to investments, usually otherwise outside the limits. His future tokens releases could include notes on OpenAi and Anthrope actions, according to the WSJ report.
Spacex’s permission or other companies is not necessary since tokens represent values sold by the republic itself, said the CEO of the Republic, Kendrick Nguyen.
Investors can change tokens by INX, an Exchange Republic is in the process of acquiring. However, there is a one -year period of possession.
Other projects in the cryptographic sector also seek to offer retail investors access to investments previously reserved for high -level network. Paimon Finance based on the BNB smart chain launched Spcx this week, a Token that says it offers exposure to Spacex’s actions.
