Republic, an online investment platform, has distributed an update on its 2025 activities.
In a creative approach, Republic shared “proof of progress” to its customers. While not providing top-line revenue and bottom-line profit, Republic focused more on its verticals.
At the top of the roster was the new Republic Mirror Tokens. These are digital assets that reflect the value in private securities of well-known private firms. Initially, the offerings were expected to use the Reg CF exemption in the US, but at launch, Republic decided to issue under Reg D, making the offering available only to accredited investors.
Republic shares that over $500 million was booked in “reservations of interest.” SpaceX, or rSPAX tokens, were the first offerings listed on the Republic marketplace.
Republic Advisory reported 99 clients since its inception. This service reported $1.6 million in contracted revenue.
Republic Deal Room, a service catering to accredited investors, reported 2 exits.
Republic Europe, formerly Seedrs, reported over 440 companies listed on its secondary market platform. Over £1 million in trading occurred in 2025. No details were provided on platform deal activity, such as the number of issuers and total funds raised. Three issuers reported exits.
Republic Capital reported two initial public offerings in 2025, with three in the queue for 2026.
Republic Film received a mention too. This vertical raised over $31 million in 2025, backed by more than 40,000 investors.
While Republic’s update is insightful, it sure would be helpful to see a P&L statement.