Republic plans to tokenize shares of companies like SpaceX

According to the Wall Street Journal, Foresight News reports that Republic plans to tokenize potential exposure to companies like SpaceX. SpaceX and other companies' tokens will initially be priced based on the trading of company stocks in the secondary market, with qualified investors able to trade these companies' stocks. One reason it can provide tokens is a provision in the 2012 Jobs Act, which allows US private companies to issue securities and raise up to $5 million annually from retail investors. Republic states that it will be the issuer of these tokens and guarantees token holders that if SpaceX's common stock goes public or is acquired, token holders will receive any appreciation.