News Explorer — Republic Taps Avalanche for Profit-Sharing Token

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Nov 17, 4:00 pm

Coindesk

Republic Taps Avalanche for Profit-Sharing Token

Fintech startup Republic Crypto will launch its revenue-sharing tokenized security, R/Note, on the Avalanche blockchain. R/Note will distribute stablecoin dividends to investors based on the company's venture portfolio. The token follows stricter rules for ownership and trading due to its status as a security. Republic sold $30 million worth of R/Note in a public sale and plans to establish a secondary market once the asset is live on Avalanche.

Fintech startup Republic Crypto will launch its revenue-sharing tokenized security, R/Note, on the Avalanche blockchain. R/Note will distribute stablecoin dividends to investors based on the company's venture portfolio. The token follows stricter rules for ownership and trading due to its status as a security. Republic sold $30 million worth of R/Note in a public sale and plans to establish a secondary market once the asset is live on Avalanche.

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