A private investment platform is reportedly raising 700 million dollars for two new crypto-focused funds
Republic’s nearly 1 billion dollar venture arm will include a 200 million flagship venture fund and 500 million towards a crypto fund.
20 per cent of the venture fund’s capital will be used for investments in cryptocurrency tokens while the remainder will be dedicated to equity investments in web-3, fintech and deeptech.
Republic Capital was established at the start of 2019 and since then, has invested in over 100 companies.
A big focus has been on crypto, investing in blockchain company Flipside.
The company’s CEO has also announced plans to develop a secondary marketplace for digital securities with a focus on compliance.
