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<a href="https://bitcoinworld.co.in/republic-chooses-avalanche-blockchain-for-tokenized-investment-fund/" title="Republic Chooses Avalanche Blockchain For Tokenized Investment Fund" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Republic aims to leverage Avalanche’s features for global scalability.</li>
 <li style="font-weight: 400">Republic Note has already attracted over $30 million in pre-sale participation.</li>
 <li style="font-weight: 400">The move could potentially help stop the current AVAX price drop.</li>
</ul>
Investment platform Republic has selected Avalanche as the blockchain for its upcoming tokenized investment fund, Republic Note.
The move is part of Republic’s strategic vision to leverage Avalanche’s strengths for global scalability.
<h3 id="span-style-font-weight-400-tokenizing-investment-with-republic-note-span">Tokenizing Investment With Republic Note</h3>
Republic Note introduces a security token that allows investors to <a href="https://coinmarketcap.com/community/articles/65579d37febdc8356cf794cb/" rel="noopener noreferrer nofollow">earn</a> returns from a diverse portfolio of over 750 private assets. The digital asset, not yet deployed to the mainnet, has already garnered significant interest, with over $30 million in pre-sale participation from individual and institutional investors.
Republic President Andrew Durgee highlighted Avalanche’s role in providing the foundation needed for Republic Note to reach a global audience of investors.&nbsp;
The choice of Avalanche is strategic, considering its innate features, including the ability to set up controllable subnets. These subnets, highly customizable side chains, play a crucial role in optimizing for regulatory compliance associated with being a digital security.
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/hsbc-and-ant-group-collaborate-on-tokenized-deposits-a-new-frontier-in-banking/" aria-label="“HSBC and Ant Group Collaborate on Tokenized Deposits: A New Frontier in Banking” (Edit)" rel="noopener noreferrer nofollow">HSBC and Ant Group Collaborate on Tokenized Deposits: A New Frontier in Banking</a>
<h3 id="span-style-font-weight-400-republic-s-profit-sharing-approach-span">Republic’s Profit-sharing Approach</h3>
Republic Note is designed to share profits generated from Republic’s extensive venture portfolio with investors. It plans to distribute up to 25% of the dividend pool to token holders, emphasizing a profit-sharing model.
The token’s price during the pre-sale round was $0.36, with a total supply capped at 800 million.
<h3 id="span-style-font-weight-400-a-potential-boost-for-avax-price-span">A Potential Boost for AVAX price</h3>
Republic’s move to launch Republic Note on Avalanche could have implications for AVAX price.&nbsp;
The strategic partnership between Republic and Ava Labs and Republic Note’s unique profit-sharing model might instill confidence in AVAX investors, potentially mitigating further price declines.
AVAX price today plummeted to a low of $20.28 losing more than 10% in value before the Republic Note announcement was made. After the announcement, the price recovered about 3% with the price rising to $21.23 at press time.
<figure id="attachment_55586" aria-describedby="caption-attachment-55586" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class=" wp-image-55586" src="https://bitcoinworld.co.in/wp-content/uploads/AVAX-Price-Chart-1-440x300.png" alt="" width="518" height="353" srcset="https://bitcoinworld.co.in/wp-content/uploads/AVAX-Price-Chart-1-440x300.png 440w, https://bitcoinworld.co.in/wp-content/uploads/AVAX-Price-Chart-1-733x500.png 733w, https://bitcoinworld.co.in/wp-content/uploads/AVAX-Price-Chart-1.png 768w" sizes="(max-width: 518px) 100vw, 518px">
 <figcaption id="caption-attachment-55586" class="wp-caption-text">
 AVAX Price Chart | Source: <a href="https://coinstats.app/coins/avalanche-2/" rel="noopener noreferrer nofollow">Coinstats</a>
 </figcaption>
</figure>
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
The post <a href="https://bitcoinworld.co.in/republic-chooses-avalanche-blockchain-for-tokenized-investment-fund/" rel="noopener noreferrer nofollow">Republic Chooses Avalanche Blockchain For Tokenized Investment Fund</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Republic Chooses Avalanche Blockchain For Tokenized Investment Fund

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