By: Isha Das
Republic Crypto is launching a tokenized security, R/Note, on Avalanche blockchain that will offer investors dividends from the company's venture exits. This blockchain-based investment note, which has attracted over three million investors and deployed over $2.6 billion worth of investments in ventures, including notable Web3 firms such as Avalanche, DappRadar, and Dapper Labs.
The token will share profits with its holders and the dividends will be paid in USD Coin (USDC) when the dividend pool hits a $2 million threshold. Republic Crypto anticipates that the R/Note will be listed on select securities exchange within the next two to three months.
Republic Crypto's decision to use Avalanche as the platform for this launch reflects the company's objective to reach a broad audience of Web3 native investors. The digital security initiative has been in the works since 2016 when the white paper was first published.
© BlockBriefly. All Rights Reserved.