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Republic Technologies Provides Corporate Updates for Q3 and Outlooks for Q4
Newsfileยท 2025-10-31 06:00
Core Insights - Republic Technologies Inc. has provided updates on management changes, corporate developments, and business strategies for Q2 and Q3 2025 [1] Management Update - Mr. Tianrui Zhang has been appointed as an independent director and chair of the Audit and Governance Committees, while Ms. Litong Cao has been confirmed as Director and Secretary [2] - Daniel Liu serves as CEO and Chair of the Board, bringing extensive experience from the technology and investment sectors, including co-founding Float and RelayX [2] - Ms. Litong Cao has a strong background in technology operations, previously serving as COO at Parallel, where she led a $30 million fundraising effort [3] - Mr. Stevenson Ty is the Interim CFO, with over a decade of financial leadership experience across various industries [4] - Mr. Hongming Luo and Mr. Tianrui Zhang are independent directors with expertise in AI, blockchain, and venture capital [6][7] Corporate Updates - The company rebranded to Republic Technologies Inc. on July 15, 2025, reflecting its commitment to decentralization and transparency [8][9] - The company raised CAD $1.68 million (USD $1.2 million) through a private placement of convertible notes on June 4, 2025, and an additional CAD $418,750 on June 23, 2025 [10][11] Business Developments - Republic Technologies has integrated with Kraken to support Ethereum validator operations and partnered with BitGo for custody and staking solutions [12][13] - A strategic engagement with Fireblocks has been established to enhance governance and security for its ETH-denominated treasury [14] Business Strategy - The company focuses on leveraging blockchain infrastructure for secure data services across various sectors, including healthcare and financial services [17] - It aims to operate attestation services powered by validator infrastructure, generating attestations that confirm transaction validity [18] - The company has established an ETH-denominated treasury to support its validator operations and plans to expand its ETH holdings [19][25] Outlook for Q4 2025 and Beyond - Republic Technologies is pursuing strategic partnerships to enhance validator capacity and market credibility [28] - The commercialization of its attestation platform is a priority, aiming to provide transparency in technical metrics for enterprise clients [28] - The company plans to expand its ETH-denominated treasury and explore new revenue models from attestation activities [28]