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Republic plans to tokenize shares of companies such as SpaceX

Internet reports that Republic plans to tokenize potential exposure to companies such as SpaceX. Tokens from SpaceX and other companies will initially be priced based on how the company's shares are traded in the secondary market, where qualified investors can trade these companies 'shares. Part of its ability to provide tokens is a provision in the 2012 Jobs Act that allows private U.S. companies to issue securities and raise up to $5 million a year from retail investors. Republic said it would be the issuing company of these tokens, and the company assured token holders that if SpaceX's common stock were listed or purchased, token holders would receive any increased rewards.

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