Investment Platform Republic Plans to Raise $700 Million for Crypto-Focused Fund

Private investment platform Republic plans to raise $700 million for two new crypto-focused funds. The funds include a $200 million flagship venture fund and a $500 million dedicated crypto fund. The venture fund will have 20% of its capital set aside for investments in cryptocurrency tokens, while the other 80% will go to equity investments in web3, fintech and deep tech. The dedicated crypto fund will focus on backing later-stage protocols.