Binance Labs Spearheads $12 Million Financing For Republic Blockchain Platform
The blockchain platform known as the Republic, which connects retail investors with prospects in startups has closed a $12 million financing round to tokenized its offering and enhance its private safety token.
A press release on Thursday revealed that Binance Labs and NGC ECO Fund was instrumental in spearheading the funding round for the AngelList associated group. Other companies expected to take part in the funding round include ZK Capital, Oyster Venture, and Hazoor Capital among others.
The Marketplace For Private Investing
According to the CEO of Republic, Kendrick Nguyen, the objective of the company is to be the marketplace for private investing, with its mission being to uphold comprehensive, varied involvement in every form of free enterprise. In his views, Kendrick believes that even though the there is a crypto fever at the moment, the introduction of supervisory and commercial convolutions is welcome.
The Republic’s CEO asserts that international collaboration is vital in order to circumnavigate business complexities and thus assist the crypto industry to develop responsibly at a faster pace. In this regard, the company is happy to be associated with prominent partners as well as investors from diverse parts of the globe who have teamed up together in realization of common objectives.
Capacity To Select Credible Projects
By and large, the company has demonstrated that it has the capacity to select credible projects and ensure it adheres to transparency even as it conforms to guidelines and protocols. Tony Gu from Neo Global Capital asserts that pellucidity and amenability are key factors for conventional adoption of blockchain technology and crypto assets.
Neo Global Capital is delighted at the support it is providing even as the Republic tokenizes, especially for early investors. The company looks forward to working with Republic even as it sets new standards for open and amenable token offerings.
In 2017, Republic was successful in raising seed capital from many venture firms all over the United States. Some of the firms which took the initiative include RenGen, NextGen Venture Partners, and AngelList among others. According to Sophie Liao of Oyster Ventures, Republic is in a better position to transform the entire token pre-sale situation into a safe and reliable ecosystem.