U.S. based fintech will establish a Republic Asia entity and has plans to further expand in Singapore and other Asian countries this year, it operates multiple online investment platforms and provides asset management and blockchain advisory services. Republic’s ultimate vision has always been to build a new type of investment firm that can democratize finance. Asia is home to nearly 60 percent of the global population, and Republic is incredibly excited and eager to bring our experiences and learnings to Asia, starting with our Korean operations. The company has already received backing from South Korean investors, including Viva Republica, which is a backer of the finance superapp Toss, and Alpha Asset Management, a multi-asset investment advisory firm.
Republic Asia acted as an anchor investor with a private equity fund operated by Quintessa Investment for a majority stake investment in TogetherApps, a peer-to-peer (P2P) investment platform in the country with more than $1.2 billion in completed real estate loan deals since its launch in 2015, the release said. Republic has also tied up with TogetherApps to work on new product offerings and expand capital market access via Republic’s network. Republic Asia has made a minority investment in Korbit, one of five approved cryptocurrency exchanges in South Korea allowed to offer cash-to-crypto services.