AB1, issued by RepublicX LLC, is a tokenized Contingent Payout Note that provides contractual economic exposure tracking the value of common stock of Animoca Brands Corporation Limited without conveying equity, ownership, or voting rights in it. [S1][S2]

The note references shares of Animoca Brands Corporation Limited and is unsecured and not backed by any actual shares or collateral. [S1][S2] No interest or yield accrues. [S1] Holders hold a right to a contingent payout that tracks the change from a preset Reference Price to the per-share value of the company's common stock at a qualifying event, paid pro-rata plus any accrued dividends. [S2] Republic's costs and fees are baked into the Reference Price. [S2]

The notes are issued by RepublicX LLC, a U.S. entity, with payment and reporting obligations supported by a guarantee from OpenDeal Inc. [S1][S2] They are deemed securities under United States securities laws and offered under U.S. Securities and Exchange Commission (SEC) exemptions, Regulation Crowdfunding and Regulation D. [S1][S2] The holder's claim is an unsecured debt obligation conveying no stock, equity, ownership, or voting rights. [S1][S2] Under Regulation Crowdfunding the offering is open to the general public from 50 U.S. dollars (USD); under Regulation D participation is limited to verified accredited investors. [S3][S2] There is no on-demand redemption. [S1] Holders rank as senior unsecured creditors of RepublicX LLC. [S2]

Mirror Tokens are built on the Solana blockchain using Republic's proprietary security token standard, minted into a self-custody Republic Wallet as one-to-one representations of the note. [S1][S4][S2] A Reference Price is publicly finalized and disclosed before payment is collected, and tokens are locked from resale for 12 months after issuance. [S3][S2] Payout settles in USD or USDC stablecoin upon a qualifying event or at the 10-year maturity. [S1][S2]

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    { id: "S1", url: "https://republic.com/mirror" },
    { id: "S2", url: "https://republic.com/rspax" },
    { id: "S3", url: "https://republic.com/help/who-can-participate-in-digital-asset-offerings-on-republic-617765427107" },
    { id: "S4", url: "https://republic.com/tokenization" },
  ]}
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Tokenized stocks

Republic Pre-IPO tokens are backed by SPV exposure to underlying private-company shares; investors gain economic interest in implied valuation movements. Tokens trade 24/7 on Solana DEXes.

Republic issues tokenized exposure products including the Republic Note (revenue-share token) and tokenized pre-IPO equities such as SpaceX (Republic Pre-IPO), tradable on Solana DEXes.

Republic is a global private-market investment platform founded in 2016, enabling retail and accredited investors to invest in startups, pre-IPO companies, real estate, and crypto.

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Real-world asset (RWA) issuers

Republic

Animoca Equity (AB1) is a tokenized share of Animoca issued by Republic through Animoca Brands Corporation Limited and distributed through Republic with INX Securities, LLC as broker.

Each token represents one underlying share.

Holders can buy and sell on the issuer-operated venue.

Animoca Brands Corporation Limited is incorporated in Australia.

AB1 has been issued on Solana as a SPL Token-2022 token since December 2025.

Animoca EquityAB1

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