Republic Selects Avalanche for Launching Profit-Sharing Digital Asset, Expanding Access to Private Markets

In a significant move towards democratizing private market investing, Republic has chosen Avalanche blockchain to debut its profit-sharing digital asset, the Republic Note. Republic selected Avalanche due to its scalability, speed, and customizability, with plans to expand into a dedicated Subnet.

The Republic Note, accessible to retail investors globally with minimal investment thresholds, garners profits from Republic’s extensive 750+ private asset portfolio, distributing them to holders’ digital wallets in stablecoins. It has already attracted over $30 million in pre-sales from numerous individual and institutional investors.

Since its inception in 2016, Republic has enabled a global community of over 3 million members to invest over $2.6 billion in diverse private ventures, such as Axiom Space, Dapper Labs, and Carta. In 2018, Republic announced its intention to create the Republic Note, a digital asset backed by its portfolio, to broaden access to these high-growth companies further.

Republic and Ava Labs, the software provider for Avalanche, are leading the way in tokenization innovation, a market expected to reach the tens of trillions of dollars this decade. Tokenization, enhanced by blockchain and intelligent contracts, aims to democratize investment access, improve transparency, and increase efficiency in asset management. Ava Labs continues its mission to digitize the world’s assets amidst Avalanche’s growing tokenized asset ecosystem.

Launched in September 2020, Avalanche has introduced a new era in blockchain technology with near-instant transaction finality. It currently supports numerous applications, secures vast amounts of value, and is supported by over 1,400 validators while maintaining minimal environmental impact.

Andrew Durgee, Republic’s President, conveyed his excitement about the Avalanche launch: “With Avalanche, the Republic Note is getting the foundation it needs to reach and scale with a global audience of investors. Choosing Avalanche goes far beyond the network’s strength, scale, and speed—it solidifies our longstanding partnership with Ava Labs, built on a shared vision of more inclusive financial markets.”

John Wu, President of Ava Labs, John Wu added: “Avalanche is the ideal platform to support the Republic Note’s exciting launch. Ava Labs’ collaboration with Republic showcases mutual commitment to developing innovative digital financial products. We are excited for a wider range of investors to have the chance to choose from new opportunities and anticipate a transformative era on the horizon for groundbreaking digital assets.”

For further details on the Republic Note and its upcoming listing, visit republic.com/note.