“This acquisition marks a significant milestone in our journey to expand our presence and expertise in the digital asset space. We are confident that the combined strengths of Republic and GoldenChain will create compelling opportunities for our investors.”
Republic has announced its acquisition of GoldenChain, the digital asset arm of GoldenTree Asset Management.
GoldenChain will be rebranded to Republic Digital and will be led by Joe Naggar, a prominent Partner at GoldenTree and an expert in digital assets. His leadership at GoldenTree has contributed significantly to the growth of structured product investments, which reached over $7 billion by January 2024
Joe Naggar, with over 25 years of investment experience and a deep involvement in digital assets since 2013, will become Chief Executive Officer and Chief Investment Officer of Republic Digital. Naggar’s move to Republic is anticipated to drive further growth and success in the digital assets sector.
“Transitioning GoldenChain to Republic puts the digital assets business in the best position for growth”
Republic supports a wide array of traditional and digital assets for both retail and institutional investors. The firm has facilitated over $3 billion in fundraising across its network, serving millions of investors worldwide.
The platform that enables startups and growth companies to raise capital from a broad range of investors through crowdfunding. It’s part of a new wave of platforms leveraging regulations that have evolved to allow non-accredited investors (the general public) to invest in private companies.
The platform is designed to make investing in startups, real estate, video games, and technology accessible to people who aren’t necessarily wealthy or well-connected in the traditional investment world. Beyond providing a funding avenue for startups, Republic also offers opportunities for investors to diversify their portfolios by investing in sectors and ideas they are passionate about, often with a relatively low minimum investment.
Andrew Durgee, President of Republic, commented: “We are excited to welcome GoldenChain into the Republic family. This acquisition marks a significant milestone in our journey to expand our presence and expertise in the digital asset space. We are confident that the combined strengths of Republic and GoldenChain will create compelling opportunities for our investors.”
Steve Tananbaum, Founder, Managing Partner and Chief Investment Officer of GoldenTree, said: “We are grateful for Joe’s invaluable contributions to GoldenTree over the years and we look forward to him leading this new chapter for Republic Digital. We intend to remain investors in GoldenChain and believe transitioning GoldenChain to Republic puts the digital assets business in the best position for growth.”
