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Primary market Invest in startups Secondary market Buy and sell assets Republic Note Own a piece of Republic's upside European market UK and EU residents only
Accredited only
Deal Room Opportunities for accredited investors Platinum membership Subscribers receive exclusive discounts
Institutional
Republic Capital Multi-stage venture firm
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Wallet Manage your digital assets Mobile app Available on iOS or Android Learning center Explore investor resources FAQ Get your questions answered
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Unicorn Hunt
Growth capital solutions
Community fundraising Raise on Republic Tokenized assets Design, launch, manage tokenized assets
Sharedrops Gift equity as a reward
Web3 services
Advisory Access veteran web3 advisors Infrastructure Stake your digital assets Tokenization Deploy your assets on-chain Asset management Explore digital asset funds
Institutional services
Capital fundraising Venture growth-stage funding
Broker dealer Regulated capital services
Crypto
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How it works How we select projects How should I invest How the Token DPA works How the TPA works Risks Disclosure requirements Selling restrictions Republic's commission Additional resources
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For more answers see the Investors FAQ
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How the Token DPA works

What is the Token DPA? What is the Token DPA?

Token Debt Payable by Assets

One of the ways you can invest on Republic Crypto is using the Token DPA — a loan issued by the company. The DPA is not equity or a token itself, but an interest bearing loan payable in tokens or cash in the future. Each project’s Token DPA terms are different – be sure to read and understand the terms of any agreement before making an investment.

Please note, not all Token DPAs are structured the same. Although many have all or some of the key terms - some may not. Please conduct your diligence and review the Form C filing and the Token DPA specific to the investment opportunity you’re considering. Investing in a company using a Token DPA, like all early-stage investing, is highly risky and subject to loss of some or all of your principal.

Understanding common deal terms

Republic Crypto offerings are done under Title III rules, so they share some terms with other offerings. Learn about the common terms here.

Key terms:

Cash interest

The amount of interest that will accumulate on the principal if it’s paid back to you in cash.

Token Repayment Premium

If the investment is repaid in tokens, this is the amount of interest that will accumulate on it. When the investment is repaid in tokens, the dollar value is converted to tokens using the token valuation. For example, a 20% premium means that your $1 would return $1.20 worth of tokens.

Token Valuation

The price per token, in dollars.

Maturity date

The date at which the investment amount and interest are due to be paid back, in cash or tokens.

Repayment of Debt Amount by Cash and/or Assets

The DPA includes milestones the project aims to hit within a specified time period, and corresponding milestone refunds which are to be repaid if specified milestones are not reached within a specified period of time. Milestone refunds are percentages of the investment amount, without interest applied. Issuers may also pay back lenders before reaching the milestone if they decide, in good faith, that their token will not be released.

Accrual Cliff

The amount of time that must pass before the DPA starts earning fiat based interest that would be applicable if investors are paid back in cash.

Elective Partial Refund

If you choose to cancel the DPA before it is paid back, the elective partial refund is how much of your investment you can get back.

Escrow Amount

The amount of your investment amount that is placed into an escrow account to ensure the company does not spend it unless you get tokens, are entitled to a cash repayment, a certain milestone is reached, or you have authorized the company to use the money in the escrow account.

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Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.

Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. Therefore, when you use the Services we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license, passport or other identifying documents.

Republic and its affiliates are not and do not operate or act as a bank. Certain banking services are provided by BankProv, member FDIC / member DIF. Digital (crypto) assets and investment products are not insured by the FDIC, may lose value, and are not deposits or other obligations of BankProv and are not guaranteed by BankProv. Terms and conditions apply.

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