Today, aelf, the next-generation cloud computing blockchain network, has announced Republic as the first official funding partner of its Innovation Alliance, a coalition of some of the most influential industry players in the blockchain industry. Republic, an SEC-licensed, FINRA-regulated crowdfunding platform, will provide promising blockchain projects in the alliance the opportunity to host compliant token presales on its platform, as well as extend investment counsel to alliance members in order to fast-track blockchain adoption for mainstream businesses and startups.
See the press release below
— aelf, the cloud computing, multi-chain blockchain network, has announced crowdfunding platform Republic as the first official funding partner of its Innovation Alliance, a coalition of industry superpowers working to accelerate mass blockchain adoption through open-source, community-driven practices. Republic is an SEC-licensed, FINRA-regulated investment platform that lets anyone, anywhere invest in promising startups. A spinout of the online investment platform AngelList, Republic will extend investment counsel to projects under the Innovation Alliance and provide enterprises and new blockchain projects in the alliance the opportunity to host compliant token presales on its platform.
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Zhuling Chen, Co-founder of aelf, said: “Many existing businesses interested in blockchain integration, or smaller projects working on blockchain-based business solutions, are up against an uneven funding landscape that is geared toward the wealthy. Republic’s approach to cross-border collaboration and regulatory robustness will help to reshape the way founders and decision-makers overcome these imbalances, making it the perfect fit for the Alliance and the partners’ mission to improve and professionalize the overall blockchain ecosystem. Leveraging Republic’s deep regulatory knowledge within the United States, one of the world’s most stringent and conservative jurisdictions for blockchain experimentation, the alliance will demonstrate the value of qualified blockchain investment counsel for the increasing number of projects calling out for guidance on a global scale.”
Republic’s has an in-depth formal due diligence process, which evaluates startups based on their technology, business model, and social impact before they can seek investment via the platform. Projects within the Innovation Alliance that pass Republic’s in-depth review will have the opportunity to run investment campaigns on its online platform. For Asia-based companies in particular, the platform will serve as a bridge to retail investors in the United States, helping them drive business and build out entities in the market.
Kendrick Nguyen, CEO of Republic and Founding Advisor of CoinList, said: “Promoting open, robust, and responsible funding access to blockchain-based projects is not just a high priority for Republic, but essential for the maturation of the industry. We are delighted to join an all-star lineup of industry experts to help transform new ‘business for blockchain’ ideas into realities, and democratize the funding landscape for what could potentially be the next big thing in fields as diverse as data, cloud computing, artificial intelligence, and information management.”
Republic joins a number of high-profile experts and entrepreneurs under the Innovation Alliance, including CertiK, a formal verification platform for securing smart contracts and blockchain ecosystems; Huobi Labs, the research and ecosystem-building arm of Huobi, one of the world’s largest cryptocurrency exchanges; Signum Capital, the biggest and most influential blockchain fund in Singapore; FBG Capital, a major cryptocurrency and blockchain hedge fund in Asia; Roland Berger, the only leading global strategy consulting firm of German heritage; and Michael Arrington, the prominent Silicon Valley mogul and founder of TechCrunch and Arrington XRP Capital.