Crypto startup investment company Republic has selected Avalanche as the blockchain to launch its native token, the Republic Note, as part of its mission to democratize private market investing. According to an announcement seen by CryptoPotato, Republic chose Avalanche for the launch due to the network’s scale, speed, and customizability, with intentions to expand its footprint to a subnetwork next year. The soon-to-be-launched token will aid the distribution of profits generated from Republic’s portfolio of over 750 private assets to holders in stablecoins. The company and Ava Labs are keen on digitizing assets and tapping into the tokenized asset ecosystem.
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