Republic selects Avalanche blockchain for its investment security token

Quick Take

  • Republic will launch its tokenized investment fund Republic Note on the Avalanche blockchain.

  • The security token aims to generate profits from a portfolio invested in more than 750 private assets.

Republic has selected Avalanche as its blockchain of choice for the launch of Republic Note, a digital asset that allows investors to earn returns from an investment portfolio.

The Republic Note digital investment vehicle — a security token to be listed in a few months — aims to generate profits from a portfolio invested in more than 750 "private assets," according to a statement.  The digital asset has attracted more than $30 million in "pre-sale participation" from thousands of individual investors and institutions, the statement also said. 

"With Avalanche, the Republic Note is getting the foundation it needs to reach and scale with a global audience of investors," Andrew Durgee, Republic’s president, said in the the statement.

Although not deployed to mainnet yet, Republic Note's price is $0.36 with between 300 million and 350 million distributed during a pre-sale round. The total supply of Republic Note tokens will be 800 million, according to the company's website.


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"The Republic Note was engineered to empower Republic community members to share in the financial upside of its portfolio of companies—and to be rewarded for their engagement with, and contributions to, the Republic ecosystem," according to the company's whitepaper.

Since being founded in 2016, Republic said it has deployed "more than $2.6 billion" into privately held ventures like Axiom Space and Dapper Labs.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

RT Watson is a senior reporter at The Block who covers a wide array of topics including U.S.-based companies, blockchain gaming and NFTs. Formerly covered entertainment at The Wall Street Journal, where he wrote about Disney, Netflix, Warner Bros. and the creator economy while focusing primarily on technological disruption across media. Previous to that he covered corporate, economic and political news in Brazil while at Bloomberg. RT has interviewed a diverse cast of characters including CEOs, media moguls, top influencers, politicians, blue-collar workers, drug traffickers and convicted criminals. Holds a master's degree in Digital Sociology.


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