Republic to Tokenize Animoca Brands’ Equity on Solana, Expanding Global Access
Republic, a leading platform for tokenizing and trading private equity, has announced a groundbreaking partnership with Animoca Brands, a prominent Web3 investment and development company. As part of this collaboration, Republic will tokenize Animoca Brands’ equity on the Solana blockchain, providing global investors with unprecedented access to the Web3 giant’s private shares.
The initiative aims to increase liquidity and transparency in the market for Animoca Brands’ shares, which are currently only available through over-the-counter secondary markets. By tokenizing its equity on Solana, Animoca Brands will be able to tap into a broader pool of investors, further solidifying its position as a leader in the Web3 space.
Benefits of Tokenization on Solana
The choice of Solana as the tokenization platform was driven by its speed, scalability, and growing institutional adoption. Solana’s high-performance infrastructure enables the processing of up to 100,000 transactions per second, making it an attractive option for tokenizing and trading large volumes of assets. According to Lily Liu, President of the Solana Foundation, “The tokenization of Animoca Brands’ equity on Solana demonstrates what Internet capital markets enable – instant, global access to private corporate ownership.”
The tokenized equity will be issued on the Solana blockchain and distributed directly to the wallets of participating investors, providing a secure and efficient way to trade and manage assets. This development is expected to strengthen Solana’s role as a hub for real-world asset (RWA) tokenization, with the platform already hosting over $700 million worth of RWAs and more than $13.5 billion if stablecoins are included.
Growing Institutional Interest in Solana
The partnership between Republic and Animoca Brands is the latest example of Solana’s growing appeal as a platform for RWA tokenization. Major financial firms, including BlackRock, Apollo Global, Janus Henderson, and VanEck, are exploring or building on Solana, while exchanges like Kraken are leveraging the platform’s fast and low-cost infrastructure to facilitate tokenized stock trading. According to a report by RedStone, Solana’s RWA tokenization market has grown by over 500% year-on-year, driven by the platform’s performance and institutional interest.
For more information on this development, please visit https://crypto.news/republic-to-launch-tokenized-animoca-brands-shares-on-solana/
