REPUBLIC INTRODUCES MIRROR TOKENS

Summary from the TLDR Crypto newsletter

Republic is launching Mirror Tokens to give retail investors economic exposure to private companies' future valuation events for as little as $50 via Apple Pay or stablecoins. The tokens aren't equity but track performance based on predefined triggers, using secondary-market data to set initial pricing, and are subject to a $5,000 purchase cap under US exemptions. After a lock-up period, holders will be able to trade on a regulated secondary marketplace. Built on Solana for low-cost, global accessibility, the Mirror Token framework will start with SpaceX and soon expand to firms like xAI, Ramp, and Perplexity, opening private-market opportunities to everyday investors.