Republic and Sui Bring Private Investing Onchain with Sui LaunchPad | BinanX News

[PRESS RELEASE – Grand Cayman, Cayman Islands, December 3rd, 2024]

DeLorean Labs to become first token issuer on Sui Launchpad

Republican investment platform for private market assets, in partnership with Sui Foundationthe organization dedicated to the advancement and adoption of the burgeoning Sui ecosystem, today announced Sui LaunchPad, powered by Republic. Organizations join this collaboration DeLorean Laboratoriesthe web3 arm of the DeLorean Motor Company ecosystem, which will become the first to use this offering as an initial token issuer on Sui LaunchPad.

He Republic Launch Pad is a global investment platform that enables crypto projects to bring innovative utility tokens to market while ensuring compliance with web3 communities among retail, accredited and institutional investors. Starting today, Republic’s LaunchPad will be available to developers and organizations who wish to launch a token sale on Sui in the form of the Sui LaunchPad. Sui will be the first non-EVM chain that Republic Wallet integrates with its Launchpad product. Sui LaunchPad will facilitate token sales, investor access and token distribution through an integrated ecosystem that combines regulatory compliance and investor tools.

“We are excited to have Republic’s infrastructure supporting the Sui ecosystem to bring tokens to market for its loyal community of builders, developers and fans, before those tokens are accessible on exchanges,” said Matt Melbourne, Head of GTM at Republic. . “Sui’s commitment to building scalability and speed lends itself to small transactions and high-volume events, such as token sales, making Layer 1 a great fit for our infrastructure.”

DeLorean Labs, the web3 arm of the DeLorean Motor Company ecosystem and an active member of the Sui ecosystem, is a natural fit as the first issuer on the Sui Launchpad as a real-world adopter of web3 technology. DeLorean will establish itself as “the car of cryptocurrencies.” As the first automotive company with a native token, $DMC is the currency of cultural convergence and pioneers the intersection of web3 innovation and true utility. The community sale follows the sold-out sale of DeLorean’s Time Capsule digital collectible series, which allowed users to mint a series of 8,800 digital collectibles for a chance to win a wide variety of prizes, including a 2026 DeLorean EV.

“While not all DeLorean fans will be able to purchase a DeLorean EV,” said Evan Kuhn, president of DeLorean Labs, “we want all DeLorean fans to have the opportunity to benefit from the benefits of the rebirth of the DeLorean brand. As the first issuer of Sui LaunchPad, we are thrilled to be able to explore another way to create value for DeLorean fans.”

“Through Sui LaunchPad, Sui builders will greatly benefit from access to Republic’s investor base and global visibility,” said Jameel Khalfan, director of ecosystem development at the Sui Foundation. “From developers new to the ecosystem to builders currently hard at work on Sui, this integration will encourage broader participation in tokenized projects.”

This notice should not be construed as an offer of securities or as investment advice or any recommendation regarding an investment or other strategy by OpenDeal Broker LLC dba the Capital R (“ODB”), member FINRA & SIPC, or Republic Crypto LLC d/ b/a Republic Advisory Services (“Republic Advisory Services”) or any of its affiliates.

About Sui

sui is the first Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unmatched speed at low cost. Sui is an incremental advancement in blockchain and a platform where creators and developers can create amazing, easy-to-use experiences. To know more:

About the Republic

Headquartered in New York City, Republic is a global financial firm that operates a network of retail-focused investment platforms and a business digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, Hashed, AngelList and other leading institutions, Republic has a global portfolio of more than 2,000 companies and a community of nearly three million members in more than 150 countries. More than $3 billion has been deployed across investment platforms, funds and companies within the Republic family of companies. Republic has established operations in the US, UK, EU, UAE, South Korea and Singapore.

About DeLorean Laboratories

As part of the DeLorean Motor Company ecosystem, DeLorean Labs is highly focused on innovative Web3 technologies and all things digital. DeLorean, a world-renowned brand for over 40 years, entered Web3 driven by its partnership with Sui and Mysten Labs. Famous for its futuristic design and immortalized for its unforgettable role in “Back to the Future,” the culturally iconic brand is recognized by hundreds of millions of loyal enthusiasts around the world. DeLorean is a symbol of pushing boundaries and breaking norms; It’s only fair that it is the first car company to launch an official token.

Disclaimer

OpenDeal Broker LLC and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (sometimes collectively referred to as “Republic”). Republic and its affiliates do not provide tax, accounting or legal advice; All recipients are advised to consult with their own advisor.

Neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates have independently verified the information provided nor make any warranty as to the completeness, accuracy or reliability of such information provided by DeLorean (BVI) Inc. (“DeLorean”) or its affiliated companies. This website may contain external links to third party content (content hosted on sites not affiliated with OpenDeal Broker LLC or Republic Advisory Services), and neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates make any representations regarding third parties. Third party content/sites that may be accessed directly or indirectly from this publication. Linking to such third party sites in no way implies or constitutes an endorsement or affiliation of any kind between OpenDeal Broker LLC or Republic Advisory Services (or any of their affiliates) and any third party.