Fundraising platform Republic looks to Algorand’s blockchain to build new security token

The private investing platform is working to build a digital security on Algorand’s blockchain to give investors novel exposure to the Republic ecosystem’s future success...

Fundraising platform Republic looks to Algorand's blockchain to build new security token

Republic — a well-known AngelList spinoff that crowdsources investments in highly vetted private startups — will build a digital asset on Algorand.

Republic, an inclusive investing platform and technology services provider, today announced its proposed initiative to build a tokenized security on the Algorand blockchain.

With nearly 500,000 users, the crowdfunding and private syndication arms of Republic have raised capital for over 170 startups in the past three years; facilitating $67.5 million of investment last year alone.

Partnership with Algorand aims to offer new ways for accredited and unaccredited investors to capture the upside of the Republic ecosystem; by providing novel exposure through the proposed security.

“Algorand provides incredible strategic value and support to the Republic ecosystem. We are excited to be using their cutting edge blockchain technology to enable the creation of a new dynamic digital asset.”
– Kendrick Nguyen, Co-Founder of Republic

Algorand technology features simplified asset creation, instant financial exchange, and immediate transaction finality. The Republic team believes that a tokenized security built on Algorand; will help onboard users to the new asset class and token ecosystem.

“Republic’s mechanism of allowing anyone to invest in rigorously vetted startups across an array of industry sectors; demonstrates a unique approach of leveling the playing field for entrepreneurs and investors of any size. This mission is very much aligned to the Algorand platform, which is an open blockchain where anyone can participate. We look forward to seeing Republic use an advanced blockchain as they bring even broader access to their diverse community.”
– W. Sean Ford, COO of Algorand

Last week, real estate investment platform Realio announced it will launch a token on Algorand.

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