Aiming to expand investment options between traditional finance and cryptocurrency sectors, Republic chose the Avalanche (AVAX) blockchain for its new product.
Republic to launch new digital asset Republic Note Avalanche blockchain choosed. R/Note The so-called asset will provide a bridge between the cryptocurrency industry and traditional assets. Using Avalacnhe blockchain tokenized has been Thanks to this asset, investors will gain a great advantage in their securities investments.
Described as a “securities” token, R/Note’s fund will be listed in the next few months and the new cryptocurrency trend will be registered as RWA (Real World Assets). the asset in question from 750 an investment in too many “private assets” portfolio to its investors through dividend It will make money.
Although R/Note, which is available to investors via pre-sale, has not yet been released on the mainnet. big interest collected. President of the Republic Andrew Durgee According to the statement made by the public pre-sale $0.36 from price 30 million dollars worth of R/Note was sold. Republic Note total supply 800 million It was recorded as.
Andrew Durgee Avalanche He stated that they preferred the network due to its scalability capabilities, subnet options and outstanding speed. Avalanche blockchain Optimal infrastructure for RWAs Emphasizing that he provided it, the president continued his statement with the following statements:
With Avalanche, Republic Note gets the foundation it needs to scale and reach a global investor base. It is almost impossible for me to send you additional securities directly in a normal form. But in a tokenized form I can send it to you immediately. For this, Avalanche blockchain was the best choice.
According to the information received from the statements made by Avalanche and MAS last week ProjectGuardian from the banking sector within the scope of JPMorgan’s description of using the network and Citi The partnership with AVAX made a big impact on the price. rise had started it.