Injective said on Thursday it has integrated with the investment platform Republic, a move that could improve retail investors' ability to invest in privately-held companies like Elon Musk's firm SpaceX.
"Injective's purpose-built blockchain infrastructure for finance perfectly complements Republic's mission to democratize access to private market assets," Injective said in a blog post. "This introduces native Injective support to Republic Wallet and establishes a dedicated launchpad for Injective-based projects, bringing institutional-grade tokenization capabilities to the blockchain built for finance."
In June, Republic said it planned to offer users the chance to purchase "Mirror Tokens," blockchain-based financial instrumenst that track shares of private firms like SpaceX. Following in Republic's footsteps, SoFi shortly after said it too planned to offer investors exposure to pre-initial public offering (IPO) startups like OpenAI, SpaceX, and Epic Games.
The integration between Republic and Injective aims to provide technical advantages. "This collaboration builds upon Republic's earlier milestone of becoming a validator on Injective, now expanding to provide direct interoperability between Injective's high-performance Layer 1 blockchain and Republic's tokenized investment ecosystem," Injective said.
Injective also touted regulatory benefits of the new collaboration thanks to Republic being a FINRA-registered funding portal with licenses in key jurisdictions like the U.S., UK, EU, UAE, South Korea, and Singapore, the company said.
In July, Injective said it would be bringing SBET, the stock of Joe Lubin’s Ethereum treasury firm SharpLink, onchain, “marking the first tokenized digital asset treasury,” or DAT.
Injective is backed by Binance, Jump Crypto, Pantera Capital, and Mark Cuban.
