Republic plans to tokenize companies such as SpaceX

According to Foresight News, as reported by The Washington Post, Republic plans to tokenize the potential exposure of companies such as SpaceX. The tokens of SpaceX and other companies will initially be priced based on how their stocks are traded on the secondary market, where qualified investors can trade their stocks. Part of the reason it is able to provide tokens is a provision in the 2012 Jobs Act that allows private companies in the United States to issue securities and raise up to $5 million annually from retail investors. Republic stated that it will be the issuing company for these tokens, and the company guarantees token holders that if SpaceX's common stock goes public or is purchased, token holders will receive any upward returns.