Binance Labs Leads Republic, Securing $12 Million For Its Retail Investment Platform

One retail investment platform called Republic recently completed $12 million in financing – all in order to tokenize its platform and introduce its own security token. The project is led by Binance Labs and NGC ECO Fund – but the financing round was also supported by ZK Capital, Oyster Ventures, Hazoor Capital, East Chain, FBG Capital, Zhen Fund and others.

Republic is not a new retail investment platform on the market. Last year, it secured seed funding from AngelList, NextGen Venture Partners, Oyster Ventures, RenGen and Grand Central Tech – all in order to take part in the increasingly global crypto investing ecosystem.

According to the CEO of Republic, Kendrick Nguyen, the company’s goal is to become the main marketplace for private investing. Their mission, on the other hand, is to enhance diverse participation in all types of entrepreneurship.

Nguyen also said that the “global crypto fever” has jumpstarted the company’s mission and that global collaboration is more than needed to address the existing complexities and allow the industry to expand fast and responsibly.

Republic also started to offer token sales late last year to both accredited and non-accredited investors. To date, dozens of crypto projects have been supported by tens of thousands of investors around the world.

Right now, the platform is looking to tokenize all financial products and plans to use the token to provide economic rights aside from its functional uses.

As the head of Binance Labs, Ella Zhang says:

“Republic provides new opportunities to participate in startups. Republic’s “democratization of access” to investing in startups matches Binance Labs’ values.”

Meanwhile, Binance is pivoting the market and taking initiative in many fields. After launching its first fiat crypto exchange and supported the new Malta Stock Exchange, it also launched a $1 billion venture capital fund in order to support blockchain projects and a memorandum of understanding with Bermuda to provide up to $10 million for university blockchain development.