Outside Source
[PRESS RELEASE – Grand Cayman, Cayman Islands, December 3rd, 2024]
DeLorean Labs to become first token issuer on Sui Launchpad
Republic, an investment platform for private market assets, in partnership with Sui Foundation, the organization dedicated to the advancement and adoption of the flourishing Sui ecosystem, today announced Sui LaunchPad, powered by Republic. The organizations are joined in this collaboration by DeLorean Labs, the web3 arm of the DeLorean Motor Company ecosystem, which will become the first to utilize this offering as the initial token issuer on Sui LaunchPad.
The Republic Launchpad is a global investment platform enabling crypto projects to bring innovative utility tokens to market while ensuring compliance for web3 communities across retail, accredited, and institutional investors. As of today, Republic’s LaunchPad will be available to developers and organizations looking to launch a token sale on Sui in the form of Sui LaunchPad. Sui will be the first non-EVM chain the Republic Wallet integrates with its Launchpad product. Sui LaunchPad will facilitate token sales, investor access, and token distribution through an integrated ecosystem combining regulatory compliance and investor tools.
“We’re excited for Republic’s infrastructure to support the Sui ecosystem in bringing tokens to market to its loyal community of builders, developers, and fans –– before those tokens are accessible on exchanges,” said Matt Melbourne, Head of GTM at Republic. “Sui’s commitment to building scalability and speed lends itself to small transaction, high-volume events like token sales, making the Layer 1 a great match for our infrastructure.”
DeLorean Labs, the web3 arm of the DeLorean Motor Company ecosystem and an active Sui ecosystem member, is a natural fit as the first issuer on Sui Launchpad as a real-world adopter of web3 technology. DeLorean is set to be established as “the car of crypto”. As the first car company with a native token, $DMC is the currency of cultural convergence, pioneering the intersection of web3 innovation and true utility. The community sale follows the sold-out mint of DeLorean’s Time Capsule digital collectible series, which allowed users to mint a series of 8800 digital collectibles for the chance to win a wide variety of prizes, including a 2026 DeLorean EV.
“While not every DeLorean fan is going to be able to buy a DeLorean EV,” said Evan Kuhn, President of DeLorean Labs, “we want every DeLorean fan to have the opportunity to benefit from the upside of the rebirth of the DeLorean brand. As the first issuer on Sui LaunchPad, we are elated to be able to explore yet another way to create value for DeLorean fans.”
“Thanks to Sui LaunchPad, builders on Sui will benefit massively from access to Republic’s investor base and global visibility,” said Jameel Khalfan, Head of Ecosystem Development at Sui Foundation. “From developers new to the ecosystem to builders currently hard at work on Sui, this integration will encourage wider participation in tokenized projects.”
This notice should not be construed as an offering of securities or as investment advice or any recommendation as to an investment or other strategy by OpenDeal Broker LLC dba the Capital R (“ODB”), Member FINRA & SIPC, or Republic Crypto LLC d/b/a Republic Advisory Services (“Republic Advisory Services”) or any of their affiliates.
About Sui
Sui is a first-of-its-kind Layer 1 blockchain and smart contract platform designed from the bottom up to make digital asset ownership fast, private, secure, and accessible to everyone. Its object-centric model, based on the Move programming language, enables parallel execution, sub-second finality, and rich on-chain assets. With horizontally scalable processing and storage, Sui supports a wide range of applications with unrivaled speed at low cost. Sui is a step-function advancement in blockchain and a platform on which creators and developers can build amazing, user-friendly experiences. To learn more: https://sui.io
About Republic
Headquartered in New York City, Republic is a global financial firm operating a network of retail-focused investment platforms and an enterprise digital advisory arm. With a deep track record of legal and technical innovation, Republic is known for providing access to new asset classes to investors of all types. Backed by Valor Equity Partners, Galaxy Interactive, Hashed, AngelList and other leading institutions, Republic boasts a global portfolio of over 2,000 companies and a community of nearly three million members in over 150 countries. More than $3 billion has been deployed through investment platforms, funds, and firms within the Republic family of companies. Republic has established operations in the US, the UK, EU, the UAE, South Korea, and Singapore. https://republic.com/
About DeLorean Labs
As part of the DeLorean Motor Company ecosystem, DeLorean Labs is hyper-focused on innovative Web3 technologies and all things digital. DeLorean, a globally renowned brand for over 40 years, has entered Web3 powered by its partnership with Sui and Mysten Labs. Made famous by its futuristic design and immortalized by its unforgettable role in “Back to the Future”, the culturally iconic brand is recognized by hundreds of millions of loyal enthusiasts around the world. DeLorean is a symbol of pushing boundaries and shattering norms – it’s only right that it will be the first ever car company to launch an official token. https://deloreanlabs.com
Disclaimer
OpenDeal Broker LLC and Republic Advisory Services are subsidiaries within a family of companies owned by OpenDeal Inc. (together sometimes referred to as “Republic”). Republic and its affiliates do not provide tax, accounting or legal advice — all recipients are advised to consult with their own advisor.
Neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates has independently verified any of the information provided or makes any assurances as to the completeness, accuracy or reliability of any such information provided by DeLorean (BVI) Inc. (“DeLorean”) or its affiliated companies. This web page may contain external links to third-party content (content hosted on sites unaffiliated with OpenDeal Broker LLC or Republic Advisory Services), and neither OpenDeal Broker LLC nor Republic Advisory Services nor any of their affiliates makes any representations whatsoever regarding any third-party content/sites that may be accessible directly or indirectly from this post. Linking to any such third-party sites in no way implies or constitutes an endorsement or affiliation of any kind between OpenDeal Broker LLC or Republic Advisory Services (or any of its affiliates) and any third-party.
This article first appeared at CryptoPotato
