Fight Fight Fight, the company behind the memecoin linked to President Donald Trump, is reportedly in talks to acquire the U.S. operations of investment platform Republic.com.
Bloomberg reported on Wednesday, citing people familiar with the matter, that the deal could pave the way for Republic users to trade using the Trump meme coin, while also giving cryptocurrency startups new avenues to raise capital.
A source told the media that talks remain private but involve multiple potential partners. Fight Fight Fight and CIC Digital, an affiliate of the Trump Organization, together own 80% of Trump Meme Coin.
Republic has facilitated more than 3,000 fundraising campaigns and serves both retail and accredited investors. According to Bloomberg, its backers include Galaxy Digital and the venture arm of Binance. The company also employs blockchain-based tokenization of real-world assets.
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Trump Meme Coin’s $9 Billion Rise and Fall
The TRUMP meme coin was launched in January ahead of President Trump’s second inauguration, and its market capitalization soared to nearly $9 billion before plummeting to about $1.64 billion, according to CoinMarketCap. The token is down nearly 90% from its all-time high.
Last week, it was reported that Fight Fight Fight is aiming to raise $200 million for a digital asset vault to accumulate meme coins.
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 early participants in its $1 stablecoin loyalty program.
Cointelegraph reached out to Fight Fight Fight and Republic for comment, but did not receive a response in time for publication.
Related: President Trump’s crypto pardon raises concerns about ethics and corruption
Coinbase acquires Echo
The planned acquisition of Trump meme coin publisher Republic was announced shortly after Coinbase announced a $375 million deal to acquire on-chain funding platform Echo.
Covey, a prominent crypto influencer, launched the Echo beta in April 2024 with a mission to enable the community to collectively invest in private funding rounds.
In the eight months since launch, the platform has raised at least $51 million in funding and closed 131 deals, including Ethena, the synthetic dollar protocol behind USDe (USDE), one of the fastest growing high-yield stablecoins on the market.
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