Republic may build a secondary exchange for digital securities, fueled by $150 million in new funding

Representative democracy already exists in the corporate space — it’s called a public company. For now, token-based organizations are operating in a pseudo-unregulated space, where their securities tokens are immediately liquid and purport to be immune from disclosure requirements. It’s likely, and overdue, that the SEC and the courts will soon bri... See more

Investing in Web3 projects can be legally trickyVenture capital firms can only invest up to 20% of the fund in liquid assets—more than that, and the U.S. Securities and Exchange Commission says you have to become a registered investment adviser.

Capital is flowing into crypto. Over $20B in crypto funds have been raised since the start of 2021 per Dove Metrics. Dry powder is abundant, but liquidity is asymmetrically distributed. Most capital is focused on early-stage, private projects. That’s not sustainable. While retail investors have been able to consume the float of historical crypto ve... See more