Animoca Brands Tokenizes Equity on Solana Blockchain
Animoca Brands, a Hong Kong-based gaming and blockchain company, has made a significant move by tokenizing its equity. This shift, facilitated by Republic and built on the Solana blockchain, aims to democratize access to the company's shares. Previously, Animoca Brands' equity was only accessible through limited over-the-counter deals. Now, the company's shares will be tokenized and traded on Republic's global marketplace. This move aligns with Animoca Brands' mission to expand digital asset ownership. The tokenized shares will be minted on Solana, a choice driven by its high transaction throughput and scalable infrastructure. Key figures behind this project include Andrew Durgee, Co-Chief Executive Officer of Republic, Yat Siu, Executive Chairman and Co-Founder of Animoca Brands, and Lily Liu, President of the Solana Foundation. Republic, with a community of over three million members across 150 countries and $3 billion deployed across 2,500 companies, expects this tokenization to make Animoca Brands' shares more widely available to global investors. The tokenization of Animoca Brands' equity on the Solana blockchain represents a milestone in bridging traditional finance with blockchain technology. It serves as a model for other firms considering similar approaches, aiming to increase accessibility and liquidity in private markets.
Read also:
- Web3 gaming platform, Pixelverse, debuts on Base and Farcaster networks
- Cannabis-Focused CTV Channel Citizen Green Launches for Global Streamers
- Goodyear in 2025: Advancement in Total Mobility through the Launch of Kmax Gen-3 by Goodyear
- Boston Metal pioneers route to commercial production for eco-friendly steel method
