Republic's Profit-Sharing Token on Avalanche Will Pay Investors VC Dividends

CoinDesk
CoinDesk

17 Nov 2023 4:00 PM

The latest entrant to crypto's RWA craze gives upside on Republic's venture portfolio....

  • Startup fintech Republic Crypto plans to launch its revenue-sharing tokenized security, called R/Note, on the Avalanche blockchain.
  • R/Note will distribute stablecoin dividends to investors who bought a stake in Republic's venture portfolio.
  • Holders of R/Note will receive up to 25% of the dividend pool when Republic exits a successful investment.
  • R/Note is part of the growing trend of tokenizing real-world assets (RWA) on blockchains.
  • The Avalanche blockchain is chosen for R/Note due to its features, such as controllable subnets, which optimize for regulatory rules.
  • J.P. Morgan has also tested a tokenized portfolio on a permissioned Avalanche subnet.
  • Digital securities like R/Note have advantages over traditional securities, such as quick distribution of dividends.
  • Republic sold $30 million worth of R/Note in a recent public sale and plans to establish a secondary market on the Avalanche blockchain.
  • Republic's approach to issuing and trading tokenized assets in-house sets it apart from other contenders in the space.

The overall sentiment of the article is positive. It highlights the potential of tokenized securities and the advantages of using the Avalanche blockchain for Republic Crypto's R/Note. The article also emphasizes Republic's unique approach to issuing and trading tokenized assets.

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You May Ask

What is Republic Crypto planning to launch on the Avalanche blockchain?How will R/Note distribute dividends to investors?Why is the Avalanche blockchain considered suitable for tokenizing real-world assets?What advantages do digital securities like R/Note have over traditional securities?How does Republic differentiate itself in the tokenized securities space?

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