Battleground, the company behind President Donald Trump’s associated Memecoin, has reportedly been in discussions to acquire the operation of US investment platform Republika.com.
If finalized, the deal could open the door for Republican users to transact with official Trump (Trump) Memecoin, while giving crypto startups a new avenue to raise capital, Bloomberg reported on Wednesday, citing people familiar with the matter.
A source told the outlet that the discussions will remain private but include several potential partners. Fight Fight Fight and CIC Digital, an affiliate of the Trump organization, collectively own 80% of Trump’s memecoin.
Republika, which has facilitated more than 3,000 fundraising campaigns, serves both retail and accredited investors. Its backers include Galaxy Digital and Binance’s Venture arm, per Bloomberg. Also embraced by the company Blockchain-based tokenization of Real-World Assets.
Related: CZ weighing lawsuit against US senator over money laundering claim: Report
The $9 billion rise and fall of Trump Memecoin
Launched in January ahead of Trump’s second inauguration, Trump’s Memecoin surged to a market capitalization of nearly $9 billion before collapsing to around $1.64 billion, according to CoinmarketCap. The token is down nearly 90% from its all-time high.
Last week, it was reported that the fight against the fight was also looking Raise $ 200 million For a digital Asset Treasury to accumulate memecoin.
Yesterday, World Liberty Financial (WLFI), another Trump-affiliated crypto venture, announced plans to Distribute 8.4 million WLFI tokens worth about $ 1.2 million to the first participants in the USD1 stablecoin loyalty program.
Cointelegraph reached out to fight the fight and Republic for comment, but did not receive a response by publication.
Related: Trump’s crypto pardons raise ethical and corruption concerns
Coinbase is acquiring Echo
Trump Memecoin Issuer’s plan to acquire Republic comes shortly after Coinbase announced a $ 375 million Deal to get onchain echo fundraising platform.
Well-known crypto influencer Cobie launched Echo in Beta in April 2024 with a mission to enable communities to invest together in private funding rounds.
In the eight months since launch, the platform has raised at least $51 million in funding, with 131 deals closed, including Athena, a synthetic dollar protocol behind One of the fastest growing yield-bearing stablecoins In the market, USDE (USD).
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