Share this article
Republic Launches $60M Crypto Seed Fund
The crowd-equity platform says that new portfolio companies coming in through the fund should benefit from Republic’s other divisions.
By Brandy Betz
Updated May 11, 2023, 7:03 p.m. Published Oct 13, 2021, 7:36 p.m.
The fund adviser arm of financial services company Republic has launched a $60 million seed fund, its first and flagship fund.
Republic is a crowd-equity platform that offers investments in startups, real estate, gaming and crypto. The company is divided into three arms: the private venture-focused Republic Capital; Republic Crypto; and republic.co, which is the retail, crowdfunding part of the business.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Republic also offers the Note security token, secured on the Algorand blockchain, which provides profit-sharing interests in certain Republic portfolio companies.
Earlier this year, Republic raised $35 million in a Series A funding round that was led by a subsidiary of digital asset firm Galaxy Digital, which Republic said pushed its total fundraising to over $70 million.
New portfolio companies coming in through the crypto fund stand to benefit from the broader Republic ecosystem, according to Republic Capital head Boris Revsin. “There are opportunities for them to do everything from a public sale with the retail platform or to continue to fundraise. We are very hands-on, when needed,” Revsin said in an interview with CoinDesk.
Andrew Durgee, the head of Republic Crypto, said the new fund has already deployed around $11 to $12 million to companies that include video game Star Atlas, TikTok competitor Chingari and a “handful” of other companies. Republic originally expected the fund to deploy over two years but now estimates it’s running six months ahead of schedule.
Asked about future plans for Republic Crypto, Durgee broke his response down into the general business and the fund.
“For Republic Crypto, our focus right now is on treasury management. We’re building out kind of an institutional-grade treasury management solution, and there will be a number of funds that are associated with that as that rolls out,” Durgee told CoinDesk.
“I think on the fund side right now, it’s really about just allocating that into projects that we have kind of a little bit of reach with and more understanding through for the other areas of Republic,” he said.
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Coinbase’s Base faces builder backlash over creator coin push
Builders on Base are pushing back against the network’s close alignment with Zora, arguing the creator-coin narrative sidelines established projects.
What to know:
- Base has seen a surge in creator-coin issuance via Zora, with daily token mints surpassing Solana in August, boosting onchain activity and attention.
- Some Base-native projects say marketing and social support has become narrowly focused on Zora-linked initiatives, leaving other established communities without recognition.
- While Base continues to process more than 10 million transactions per day, critics warn that deteriorating builder sentiment could push projects toward rival chains like Solana or Sui.
Top Stories
