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All investors
Primary market Live deals Trading Buy and sell
Republic Note Own a piece of Republic's upside
Accredited only
Republic Ventures Opportunities for accredited investors
Institutional
Republic Capital Multi-stage venture firm
More
Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
Growth capital solutions
Capital fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets Sharedrops Gift equity as a reward Founder Academy A complete guide to raising funds
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets
Tokenization Deploy your assets on-chain
Institutional services
Republic Capital In-house Venture Capital fund
Broker dealer Regulated capital services
-

RepublicX

Digital access to the world's most sought-after private companies.

Mirror tokens provides economic exposure to major private-market names like SpaceX, Databricks, and ByteDance, through fully compliant, regulated notes.

Explore PortfolioLearn About Mirror Tokens
Mirror Tokens
Portfolio Updates
About
Join our community

Access

Invest in companies usually closed to the public

Transparency

Pricing from trusted third-party markets

Liquidity

Tradable through regulated platforms

Compliance

Built within U.S. & international securities law

Mirror Tokens

What are Mirror Tokens?

A new, regulated way to participate in the growth of world-class private companies, before they go public.

Mirror Tokens are digital notes that track the value of a private company's shares.

When that company goes public or is acquired, holders receive a payout that mirrors the changes in its valuation.
Investor Participates

Invest in companies usually closed to the public

Token Trade

Tokens being able to trade on INX

RepublicX Issues

Republic issues tokens in your Republic wallets

Payout at Liquidity

At liquidity, investors receive payout in USD or USDC.

Mirror Tokens
Traditional SPV / Private Equity
Minimum Investment

Lower entry. Broader access

High minimums. Limited access

Management Fees

No annual management fee

1–2% per year common

Security Structure

Tokenized debt security

Equity Interest

Liquidity Design

Built with secondary trading in mind

Locked until IPO or acquisition

-

Portfolio updates

Portfolio updates on Mirror Token offerings

Structured intelligence on valuation signals, market activity, and verified developments across companies referenced by Republic X

Our Methodology

Each update is structured to provide a clear, concise summary of relevant developments across referenced companies

Portfolio updates are derived from a combination of trusted third-party data source, secondary market signals, and verified public reporting.

Access the potential upside from the world’s top most sought-after companies
Verified reporting from financial and industry sources
Market activity and sentiment indicators

Portfolio updates

Our Portfolio

Structured updates on valuation signals, market activity, and verified reporting for referenced companies.

Secondary market activity indicates increased demand for SpaceX shares in recent weeks. Multiple reports suggest ongoing discussions around future liquidity planning, though no formal timeline has been confirmed.

View more

Revenue reported above $2.6B ARR. Secondary pricing indicates modest month-over-month valuation movement.

View more
Filled
Earth's most prolific rocket launcher, with NASA contracts and Mars ambitions
SpaceX
rSPAX-2
Space tech
Reservations open
They built Fortnite - and the engine that powers most of the metaverse
Epic Games
Gaming
The design layer for the internet — 170M+ users and counting.
Reservations open
Canva
Fintech
Reservations open
Automating finance operations for 25K+ businesses, and counting 600M+ in savings
Ramp
Fintech
Aa global technology company best known as the creator of TikTok and other leading content platforms powered by advanced AI.
Fully committed
ByteDance
AI
Unify your data and AI seamlessly with the Databricks Data Intelligence Platform
Filled
Databricks
Tech
Earth's most prolific rocket launcher, with NASA contracts and Mars ambitions
SpaceX
Fully committed
rSPAX
Space tech
Filled
10M+ users and counting with no ads and no BS
Perplexity
AI
Filled
$7B+ bet on building safer AI
Anthropic
AI
Filled
The fastest-growing tech platform, now powering the AI tools you use every day.
OpenAI
AI
AI-native code editor helping developers build faster, smarter, and with context
Cursor
AI
The defense layer for the U.S - $1B+ in AI-powered contracts
Anduril
Military
Serves over 200,000 businesses, with a 40% year-over-year increase in customer base.
Mercury
Fintech
Backed by Google, Amazon, and Nvidia
Hugging Face
AI
Building reusable rockets for real-world missions
Blue Origin
Space Tech
Real-time intelligence, built into X’s 500M+ user base.
xAI
Social Media
The first human trial approved for mind-controlled tech
Neuralink
Healthtech
$5B+ paid out to creators: the most profitable platform the internet won't talk about
Airtable
Tech
Maximising productivity for builders
Linear
Tech
1M+ miles with no driver behind the wheel
Waymo
AI Motors
22M+ developers coding in the cloud, from anywhere
Replit
AI
Where 150M+ users build internet subcultures, server by server
Discord
Social Media
The workspace that allows 30 million users to think, plan, and build in one place
Notion
AI Workspace
Built for speed, used by 900M+ all while being completely ad-free
Telegram
Messenger
Figure AI’s Helix system cut task time by 58% and boosted barcode accuracy to 94.4%.
Figure AI
AI
-

About

Structured access to private markets

RepublicX operates within established regulatory frameworks to bring transparency, liquidity, and discipline to digital private-market participation.

Within the Republic Ecosystem

RepublicX is an independent entity within the Republic ecosystem, focused specifically on digitization and tokenization for enterprise. It operates alongside Republic's broader investment infrastructure while maintaining dedicated oversight and product innovation.

Regulatory Foundation

Mirror Tokens are structured within established U.S. and international securities frameworks, including:
Regulation D
Regulation S
Regulation CF
 (Coming Soon)
Issuances are designed in alignment with SEC and FINRA guidelines and supported by regulated exchange and custody partners.

Leadership & Oversight

Andrew Durgee
Co-CEO, Republic
Shaping the company’s vision at the intersection of finance, technology, and digital assets. Andrew has been instrumental in expanding access to private markets through innovative investment products, including tokenized assets and alternative investment structures.
Kendrick Nguyen
Co-CEO, Republic
With a background in law and venture capital, Kendrick combines strategic vision with deep industry expertise, positioning Republic at the forefront of innovation across equity crowdfunding, digital assets, and alternative investments.
Jeff Vier
Director RepublicX
Leads R/Crypto tokenization practice. Previously COO at multiple web3 and web development product studios, and has contributed creative and business strategy to ~100 startup ventures.

Join our community

Investors

Access upcoming Mirror offerings
Join the waitlist to receive updates on new issuances and eligibility.

Companies

Engage your stakeholders through tokenization
Launch a compliant sharedrop or enterprise tokenization program with Republic X
Speak with Republic X

Institutions

Explore partnership opportunities
Schedule a briefing to discuss infrastructure, custody, or distribution.
Schedule a briefing
Filled
Earth's most prolific rocket launcher, with NASA contracts and Mars ambitions
SpaceX
rSPAX-2
Space tech
Reservations open
They built Fortnite - and the engine that powers most of the metaverse
Epic Games
Gaming
The design layer for the internet — 170M+ users and counting.
Reservations open
Canva
Fintech
Reservations open
Automating finance operations for 25K+ businesses, and counting 600M+ in savings
Ramp
Fintech
Aa global technology company best known as the creator of TikTok and other leading content platforms powered by advanced AI.
Fully committed
ByteDance
AI
Unify your data and AI seamlessly with the Databricks Data Intelligence Platform
Filled
Databricks
Tech
Earth's most prolific rocket launcher, with NASA contracts and Mars ambitions
SpaceX
Fully committed
rSPAX
Space tech
Filled
10M+ users and counting with no ads and no BS
Perplexity
AI
Filled
$7B+ bet on building safer AI
Anthropic
AI
Filled
The fastest-growing tech platform, now powering the AI tools you use every day.
OpenAI
AI
AI-native code editor helping developers build faster, smarter, and with context
Cursor
AI
The defense layer for the U.S - $1B+ in AI-powered contracts
Anduril
Military
Serves over 200,000 businesses, with a 40% year-over-year increase in customer base.
Mercury
Fintech
Backed by Google, Amazon, and Nvidia
Hugging Face
AI
Building reusable rockets for real-world missions
Blue Origin
Space Tech
Real-time intelligence, built into X’s 500M+ user base.
xAI
Social Media
The first human trial approved for mind-controlled tech
Neuralink
Healthtech
$5B+ paid out to creators: the most profitable platform the internet won't talk about
Airtable
Tech
Maximising productivity for builders
Linear
Tech
1M+ miles with no driver behind the wheel
Waymo
AI Motors
22M+ developers coding in the cloud, from anywhere
Replit
AI
Where 150M+ users build internet subcultures, server by server
Discord
Social Media
The workspace that allows 30 million users to think, plan, and build in one place
Notion
AI Workspace
Built for speed, used by 900M+ all while being completely ad-free
Telegram
Messenger
Figure AI’s Helix system cut task time by 58% and boosted barcode accuracy to 94.4%.
Figure AI
AI

How it works

What is a Mirror Token?

Mirror Tokens are digital assets issued by RepublicX LLC that are designed to mirror the economic outcome of investing in a specific private company (“target company”) — giving you the chance to participate in the potential economic upside of the companies, without making a direct investment.

Mirror Tokens are structured as a debt security, with the payout date connected with a qualifying event (e.g. IPO, acquisition, etc) of the target company. If and when the target company has the qualifying event, you will receive a pro-rata payout from RepublicX equivalent to the value of the common shares at the time of the event, plus any dividends accrued.

Am I investing directly into the company?

No. You are not investing directly into the stock of any private company. Mirror Tokens are not affiliated with, approved by or endorsed by the presented companies in any way. You're participating in a debt instrument issued by RepublicX that is intended to mirror the target company’s performance.

How do I get paid back?

When a qualifying event occurs, Republic will distribute the fair value of common shares of the company to token holders using stablecoin into their registered wallets. If the company increases in value or distributes dividends, your return will reflect that performance.

Do I need to be accredited?

No. Mirror Tokens are available to the general public — everyday investors — worldwide, starting at just $50, via the Reg CF exemption. No accreditation of any kind is required.

Can I sell my investment later?

Mirror Tokens are locked from resale or transfer for 12 months after issuance. After the unlock, Republic intends to allow trading of tokens on the Republic Secondary Market with other investors.

Is this available in my country?

Republic aims to make Mirror Tokens available globally, but eligibility may vary based on your local regulations. You’ll be notified during onboarding if there are any restrictions.

Is my return guaranteed?

No. Like all market-based opportunities, the value of Mirror Tokens can fluctuate. There is no guarantee of returns, and the timing or likelihood of a liquidity event is not guaranteed. Investing in speculative securities is risky and can lead to the loss of invested capital. Your investment is not insured.

What companies will be available next?

The first token is rSpaceX. Future Mirror Tokens may include companies like Figma, Epic Games, Anduril, and more. You can also submit feedback on what you'd like to see next.

$3 billion
Funds invested into innovative ventures
2,500+
Private ventures funded
3M+
Global community members
150
Countries supported
Republic is an SEC-regulated platform allowing everyone to invest as little as $50 — and share in the financial success
*For details, please see the full disclosure. Investors are subject to applicable regulatory and jurisdictional requirements.

This prospective offering is being made available under rule 206 of Regulation CF: (1) A “reservation” involves no obligation or commitment of any kind; (2) No money or other consideration, is being solicited and if sent will not be accepted; (3) No investment commitments can be accepted and no funds can be received unless the issuer files a Form C with the SEC and starts accepting investments. 
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By accessing the Site and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy. Please also see OpenDeal Broker’s Business Continuity Plan and Additional Risk Disclosures. All issuers offering securities under regulation crowdfunding as hosted by OpenDeal Portal LLC are listed on the All Companies Page. The inclusion or exclusion of an issuer on the Platform Page and/or Republic’s Homepage, which includes offerings conducted under regulation crowdfunding as well as other exemptions from registration, is not based upon any endorsement or recommendation by OpenDeal Inc, OpenDeal Portal LLC, or OpenDeal Broker LLC, nor any of their affiliates, officers, directors, agents, and employees. Rather, issuers of securities may, in their sole discretion, opt-out of being listed on the Platform Page and Homepage.

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Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

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To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BitGo Trust Company, a South Dakota-chartered trust company and registered money services business. BitGo Trust Company is not an FDIC member. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BitGo Trust Company and are not guaranteed by BitGo Trust Company. Terms and conditions apply.

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