Web3 investor Animoca Brands’ equity to be tokenized on Solana in RWA deal

Republic plans to tokenize equity in Animoca Brands, a Hong Kong-based Web3 investment firm, utilizing the Solana blockchain. This initiative is expected to broaden access for global investors to the company’s equity, which is not available on any public exchange. With investments in over 600 Web3 projects, Animoca Brands is leveraging this move to attract additional capital amidst aggressive expansion efforts. The equity will be minted on Solana and subsequently distributed to investors’ wallets for trading on Republic’s infrastructure. This tokenization is seen as setting a precedent for future equity structures and demonstrates the capabilities of internet capital markets, allowing retail investors access to what were previously private investment opportunities. Animoca’s motivation appears to be raising capital to support its recent initiatives, including partnerships and new investments.

Source 🔗