The Republic Secondary Market (formerly Seedrs) is a platform that enables investors to buy and sell shares in private companies. It operates as a bulletin board where investors can express interest in trading shares held under the Republic Nominee Structure.

Investors who own shares held under the Republic Nominee Structure may be eligible to sell their shares on the Secondary Market. Eligibility depends on factors such as the company's approval for secondary trading and any applicable restrictions.

The Secondary Market offers sellers the opportunity to access liquidity sooner than waiting for a company exit, rebalance their investment portfolios, and diversify their holdings by reallocating capital. This flexibility is especially valuable for investors who wish to actively manage their exposure to private investments.

There is a 2% transaction fee (min.£/€0.50) for both Buyers and Sellers on the Secondary Market. Additionally, if the Seller makes a profit (the sell price after paying the transaction fee is greater than the initial purchase price), then a carry fee will be charged on any profit earned. The carry fee attributed to an asset will depend on when that asset was created under the nominee.

Any user of Republic Europe, whether they have previously invested in a business or not, can purchase shares on the Secondary Market. However, the availability of shares depends on supply and demand, and not all shares may be available for purchase at all times.

The Secondary Market is currently in its Beta phase, meaning it's an early version with limited functionality and access. This phased rollout allows Republic Europe to gather user feedback and make improvements before a full launch. During Beta, only a limited number of users can post their assets for sale upon being granted exclusive access.