Republic will list its digital security token Republic Note on the INX platform next week

ChainCatcher news, according to CoinDesk, investment firm Republic stated in an email that it will list its profit-sharing digital security token Republic Note on the INX trading platform via the Avalanche blockchain on December 6. This security will provide investors with a venture capital portfolio of over 750 private companies under Republic, including Web2 and Web3 businesses as well as assets like SpaceX, Dapper Labs, and Carta.

The token will be available to non-accredited investors, and it operates as follows: when one of the companies makes a dividend payment or other cash-generating liquidity event, the profits will flow into the Republic Note dividend pool. Whenever the funds in the pool reach $2 million, note investors will receive USDC dividends sent to their digital wallets.

It is reported that Republic Note has raised over $30 million from Binance, the Avalanche Foundation, and pre-listing private sales.