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rAnthropic

Mirror token for the leader in agentic AI coding
B2B AI & Machine Learning Technology
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Enterprise Coding Valuation History Government Disclosure
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Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by RepublicX LLC.
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Highlights


Series E share price: $50.48 to $56.09

Market price (6/27/25): $59.00

Yahoo Finance tracks the price of Anthropic shares trading on certain secondary markets, which as of the current snapshot (dated 6/27/25) displays a per-share price of $59.00.

Estimated corresponding share price: $50-$65

Republic will set the corresponding Anthropic share price for the rAnthropic tokens at or near the prevailing secondary market price. Republic is targeting a range of $50-$65 per share. Before any payment is collected and investors confirm their investment commitment, the exact price per token will be publicly finalized and disclosed.


Anthropic Business highlights:

  • Valuation rose from $18B in Feb. 2024 to $61.5B in March 2025
  • Leaders in the enterprise space with 85% of $3B 2024 revenue from API
  • Doubled market share in the enterprise space in 2024
  • Deep partnership with Amazon as primary AI option on Amazon Web Services
  • New models, Claude 4 and Sonnet 4, are leaders in the agentic coding space
  • Specialized Claude Gov model designed for military and intelligence ops

Enterprise


Anthropic models are leading the way in enterprise AI applications

While OpenAI focuses on the consumer market, Anthropic is a leading player in enterprise applications with market share doubling in 2024.  

Source: Tanay’s Newsletter 

Anthropic already serves thousands of customers and business partners, making their Claude and Sonnet models some of the most widely used in the world.

Early examples of model use include: 

Source: Contrary Research

Anthropic models are also the state of the art options on Amazon Web Services (AWS) as well as being available on Google Cloud, providing access to a huge number of potential customers.

Coding


Claude models at the forefront of agentic coding

While the AI industry mostly set on releasing the one chatbot to rule them all, Anthropic doubled down on its coding focus with their latest models capable of handling complex, agentic tasks. 

  • Opus 4 can act as an autonomous agent for up to seven hours with minimal human intervention

  • Sonnet 4 utilizes hybrid reasoning with a 200K token context window for high volume use cases

The approach enables Claude models to autonomously execute operations like analyzing large datasets, conducting research, and writing entire codebases.

Anthropic is also collaborating with Apple on “vibe-coding” to leverage tone and intent in a way that lowers barriers to entry for new coders while allowing developers to communicate their goals in plain language. 

Valuation History


A recent valuation increase and backing from major venture capital firms

From its early days, there’s been competition to secure investment in Anthropic funding rounds.  The VC firms who secured spots typically continue to invest in later rounds.  

Anthropic is also closely partnered with Amazon whose total investment now reaches $8 billion. Anthropic develops its models using custom Amazon chips and relies on Amazon Web Services as its primary cloud provider.  In turn, Claude is a primary model on Amazon Bedrock making it available to all AWS customers.  

Source: Axios, Crunchbase, About Amazon

* Past performance is not indicative of future returns

Government


Claude Gov in changing the way AI is used for national security

Anthropic is also gaining a foothold in another lucrative market with its government applications.  Claude Gov is specially designed to handle threat assessment and intelligence analysis, opening the door to multiple national security and military applications.

Notable features of Claude Gov include:

  • The ability to process and interpret classified information more effectively

  • An increased capacity for handling multiple languages

  • Improved capabilities to process cybersecurity data

Anthropic is also partnering with well-established defense and data security company Palantir to gain wider access to federal employees through the FedRAMP program.

Disclosure


This is being made available under rule 206 of Regulation CF: (1) A “reservation” involves no obligation or commitment of any kind; (2) No money or other consideration, is being solicited and if sent will not be accepted; (3) No investment commitments can be accepted and no funds can be received unless the issuer files a Form C with the SEC and starts accepting investments.

*For details and more information including related investment risks please see the full disclosures. Investors are subject to applicable regulatory and jurisdictional requirements.

$

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is considering hosting this Reg CF securities offering by RepublicX LLC.

About rAnthropic

Legal Name
RepublicX LLC
Founded
Jun 2025
Form
Delaware LLC
Employees
0
Website
republic.com
Social Media
None
Headquarters
Google Map location of of rAnthropic
149 23rd Street #1314 , New York, NY
Headquarters
149 23rd Street, #1314, New York, NY, United States 10010

rAnthropic Team
Everyone helping build rAnthropic, not limited to employees

Profile picture of Jeffery Vier
Jeffery Vier
VP
Jeffery Vier
VP

FAQ

1. Who is issuing rAnthropic Tokens?

1. Who is issuing rAnthropic Tokens?

The issuer is RepublicX, which is the innovation arm of Republic with a focus on tokenization services for Republic and third parties. 

2. What exactly am I buying?

2. What exactly am I buying?

You are purchasing tokenized interests in Contingent Event Notes (“Note”), a debt security (payment obligation) issued by RepublicX LLC (a Republic affiliate) (“RepublicX”). The Notes represent the right to receive payments which will be tied to the performance of the common stock of Anthropic (the “Referenced Company”). You will receive cash payments in the event of (i) an IPO or other direct listing transaction resulting in the Referenced Company’s equity interests being listed on a national securities exchange, (ii) a merger or acquisition of its assets or equity interests or (iii) any other transaction resulting in a public listing or monetization of its equity interests (each, a “Qualified Liquidity Event”). For example, if as a result of the Referenced Company’s IPO, direct listing or acquisition, the Referenced Company’s common shares are exchanged for cash at 5 times the last publicly available price of the Referenced Company’s common shares on the date of your investment (the “Referenced Price”), holders of the token would receive a proportional multiple in payment rights.  Each Note entitles you to receive a cash amount tied to the future value of Anthropic shares if Anthropic undergoes a defined Qualifying Liquidity Event before the Note’s stated maturity (20 years). The Note is not a share of Anthropic, Republic, or any other company, and it carries no voting, information, or other shareholder rights in Anthropic or in Republic. Investors’ entitlement is reduced/adjusted by fees.

3. Do the Notes bear interest?

3. Do the Notes bear interest?

No. There is no interest rate on the Notes. 

4. Is there a maturity date?

4. Is there a maturity date?

Yes - 20 years from the date of security issuance. 

5. If I invest, am I now an owner of Anthropic?

5. If I invest, am I now an owner of Anthropic?

No. If you invest, you’re buying a debt instrument (a “Note”) offered by RepublicX - you have no right whatsoever to equity in Anthropic by virtue of investing in this Offering. You will, however, be participating in any potential economic upside of Anthropic. 

6. How is the purchase price determined?

6. How is the purchase price determined?

Each Note will be priced at $1.00.  RepublicX will determine the number of Notes that equate to one Anthropic common share at the time of the Offering, based on the last publicly available financing event of the Referenced Company plus taxes and fees. 

7. What is the rAnthropic Token?

7. What is the rAnthropic Token?

The rAnthropic Token is a digital representation of the Notes built on a blockchain, leveraging Republic’s proprietary security token standard. To receive Tokens, investors will be responsible for creating a Republic Wallet.

8. Will there be secondary trading of the Tokens?

8. Will there be secondary trading of the Tokens?

Republic intends to make tokens available for secondary trading after the conclusion of the 1-year lock-up period imposed by Regulation Crowdfunding, subject to the applicable rules and limitations on transferability including, without limitation, KYC/AML of the investor.  Liquidity is not guaranteed, and RepublicX retains full discretion whether or not to list any tokens on any qualifying exchange. 

9. Am I investing in a fund?

9. Am I investing in a fund?

No. This offering is not a pooled investment vehicle and does not represent an interest in a fund. Proceeds are not managed collectively, are tied in each instance to individual notes issued to investors, and are applicable solely to this specific opportunity.  Investing in one mirror token does not in any way entitle an investor to returns or interests in any other mirror token. 

10. Am I participating in Anthropic’s economic success or failure?

10. Am I participating in Anthropic’s economic success or failure?

Notes are intended to replicate the economic participation of shareholders in Anthropic. On the maturity date, or before such date in the event that Anthropic enters into a Qualifying Liquidity Event, RepublicX will pay to each Noteholder a pro rata portion of the value of a common share of Anthropic at that time, along with any dividends that were paid to shareholders during the term of the Notes. Because the Notes track the value of common shares on a price per share basis, their return may be reduced if Anthropic issues additional shares or equity-linked securities, which could dilute the value of each share. 

11. When do payouts occur?

11. When do payouts occur?

Payouts, if any, occur within a reasonable time period (as further described in the offering documentation) after the earlier of the maturity date (i.e., 20 years from the date of issuance) or a Qualifying Liquidity Event. 

12. How will payouts occur?

12. How will payouts occur?

Each Investor will have the choice of receiving payouts in either (1) U.S. dollars or (2) USDC to the Investor’s verified Republic Wallet. 

13. Will I need a crypto wallet to take part?

13. Will I need a crypto wallet to take part?

Yes, crypto wallet, registered through Republic Wallet, is required in order to participate in this offering and to receive note tokens.

14. What are Qualifying Liquidity Events?

14. What are Qualifying Liquidity Events?

A Qualifying Liquidity Event occurs in the event that Anthropic undertakes any of the following (i) an IPO or other direct listing transaction resulting in Anthropic’s equity interests being listed on a national securities exchange, (ii) a merger or acquisition of its assets or equity interests or (iii) any other transaction resulting in a public listing or monetization of its equity interests. For further details, each Investor should carefully review the definition of Qualified Liquidity Events contained in the Note.

15. What if RepublicX LLC defaults and doesn’t pay, what recourse do I have?

15. What if RepublicX LLC defaults and doesn’t pay, what recourse do I have?

Upon an Event of Default by RepublicX LLC, investors may declare the entire principal amount, together with any amounts owed but unpaid under the Note, as immediately due and payable. As senior unsecured creditors of RepublicX LLC, Investors' claims to the assets of RepublicX LLC will have priority over those of RepublicX LLC’s equity holders.

16. What if Anthropic never has a qualified financing event?

16. What if Anthropic never has a qualified financing event?

On the Maturity Date, Investors will receive the entire value of their repriced securities based on their pro rata share of the increase (or decrease) in the FMV of Anthropic’s common stock, along with their pro rata share of any dividends verifiably issued to holders of Anthropic’s common stock.

17. Are there risks to this Offering?

17. Are there risks to this Offering?

Yes, the purchase of these Notes involves a high degree of risk and should be considered only by persons who can bear the risk of the loss of their entire investment. Please review the specific risk factors section of the offering documentation for a further understanding of the potential investment risks.

18. Is the price of rAnthropic tied to the price of Anthropic shares?

18. Is the price of rAnthropic tied to the price of Anthropic shares?

Always consider that the Note is a debt obligation of RepublicX LLC, not an equity interest in Anthropic. The token gives you exposure to Anthropic’s price movements only through the contractual payoff structure, and that exposure is modulated by time, fees, and RepublicX’s credit profile.

19. Why is the maximum investment so low?

19. Why is the maximum investment so low?

During this initial phase, our focus is on expanding access for as many investors as possible to the financial upside of top private companies. We anticipate conducting future campaigns where both the amount raised and the maximum investment level are considerably higher.

20. What fees will I pay?

20. What fees will I pay?

All fees reduce your net return.  Fees here include a premium to the price per share (as noted on the offering page) as well as other fees associated with the Republic platform. In the event secondary trading exists on an ATS, there may also be fees associated therewith. Please review the disclosure documents and Republic’s general Terms of Service for an outline of all applicable fees.

21. Tax considerations

21. Tax considerations

Republic intends that Notes be generally treated as debt instruments for U.S. Tax purposes. Redemption or dividend‑equivalent payments may be taxable. Consult a qualified tax adviser as Republic is not providing accounting, tax, or legal advice.

22. What are my rights attached to the securities?

22. What are my rights attached to the securities?

The holder of the Notes has a claim against the Issuer - RepublicX LLC - for the redemption amount in accordance with the terms set forth in the relevant security instrument and Form C. Critically, Investors’ respective creditor rights do not consist of any shareholders’ rights (e.g., investors have no rights of attendance, other participation rights or voting rights of the Issuer). Investors have no rights whatsoever to Anthropic.

23. Are there transfer restrictions?

23. Are there transfer restrictions?

Yes. Like all securities issued pursuant to Regulation Crowdfunding there are transfer restrictions. Please review the disclosure documents in full before investing.

24. Is this offering affiliated with Anthropic?

24. Is this offering affiliated with Anthropic?

No - Anthropic PBC (“Anthropic”) is entirely unaffiliated with this Regulation Crowdfunding offering, with RepublicX LLC, with the Notes, and with the associated rAnthropic Tokens. Specifically: (i) No endorsement or authorization. Anthropic has not reviewed, approved, authorized, endorsed, sponsored, or consented to any aspect of this security, token, marketing material, or transaction structure; (ii) No participation or cooperation. Anthropic and its officers, directors, shareholders, and employees are not involved—directly or indirectly—in structuring, issuing, marketing, managing, servicing, or redeeming the Notes. No one at Anthropic will receive any proceeds from this offering, and Anthropic has provided no information to RepublicX LLC or the funding portal for use in this offering; (iii) No contractual or economic relationship. Purchasing a Note does not give you any equity, debt, contractual claim, option, warrant, or other right against Anthropic, its subsidiaries, or affiliates. Your sole counterparty is RepublicX LLC, which alone, aside from the associated guarantee of OpenDeal Inc., is responsible for all payment and reporting obligations under the notes; (iv) No obligations on Anthropic. Anthropic owes you no fiduciary duty, payment, disclosure, or ongoing information and will have no liability to you in connection with your investment. Any payment on the Notes will come exclusively from RepublicX LLC out of its own assets; (v) No effect on Anthropic securities. The issuance of Notes does not affect Anthropic’s capitalization, shareholder base, voting power, or corporate governance in any way. The Notes reference Anthropic share value solely as an external benchmark for calculating potential payouts; (vi) Trademark and brand usage. “Anthropic,” “Anthropic PBC,” and related marks are trademarks of Anthropic PBC. All use herein is strictly nominative and descriptive to explain how the Note formula is derived. Such use does not imply sponsorship, endorsement, or affiliation, and Republic claims no ownership of those marks; (vii) Information limitations. All Anthropic‑related data referenced in marketing materials (e.g., secondary‑market price quotes) are derived from publicly available sources that Republic believes to be reliable; and (viii). Regulatory posture. Neither the U.S. Securities and Exchange Commission (SEC) nor any state securities regulator has approved or disapproved of these securities. Anthropic has not sought, requested, or obtained any regulatory clearance in connection with this offering. In short, every legal, financial, technological, and operational obligation associated with the Notes rests entirely with RepublicX LLC. Any mention of Anthropic is strictly for the limited purpose of explaining the reference asset used in the Notes payout formula and should not be interpreted as creating any relationship whatsoever between you and Anthropic.

Still have questions? Check the discussion section.
Show all FAQ

Discussion

Ask questions and share feedback with the rAnthropic team below. If you have support related questions for Republic, please contact investors@republic.co.
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