New York, USA, July 23rd, 2024,
FinanceWire
The Republic Note dividend pool is now over $1 million!
As a reminder, the Note dividend pool grows when Republic is
able to sell eligible investments it has made for cash, and places
a portion of them into an interest-bearing account dedicated to the
Note. Once the Note dividend pool hits $2 million, dividends will
be paid out to Note holders.
Dividends will be paid in the form of USDC on the Avalanche
token network to anyone holding Note tokens in their wallet at the
time that we cross the $2 million threshold.
While this is a great milestone, let’s be clear: this is just
the beginning. Republic’s portfolio, which includes upside in
hundreds of companies across dozens of categories and stages, is
designed for long-term growth. Companies in the portfolio include
SpaceX, Avalanche, Carta, Gumroad. Republic expects to grow the
dividend pool quickly over the next quarter, and our focus remains
on delivering value to every Note holder. We plan to add deeper
integration with other Republic products, and more special perks
for Note holders coming soon.
Currently, Republic’s two main investment arms (U.S. Retail and
Capital) are the primary contributors to the Note's dividend pool.
As Republic grows, it plans to continue adding more sources of
upside for Note holders in order to further speed up the growth of
the Note dividend pool.
In case you missed other recent updates:
About Republic Note
Republic Note, an innovative venture digital asset, offers
investors broad exposure to a diversified portfolio of high-growth
startups, blockchain projects, and established companies (including
SpaceX and Carta) through a single investment. Listed on the INX
trading platform, Republic Note is available 24/7 for anyone in an
eligible jurisdiction to buy, regardless of net worth or
accreditation status. This novel security has attracted over $32
million from a global community of investors, making it a
compelling opportunity to be a part of the future of venture
capital.
About Republic
Republic is a global technology firm pioneering
the digital transformation of finance. The Republic ecosystem is
composed of an enterprise-focused Digital Merchant Bank and a
retail-focused Global Marketplace. Republic has made it possible
for 3+ million community members across 150+ countries to deploy
$2.6+ billion into thousands of private ventures. Backed by Valor
Equity Partners, Galaxy Interactive, Morgan Stanley, Hashed,
AngelList, and other leading institutions, Republic is
headquartered in New York City and has established operations in
the US, UK, EU, UAE, and South Korea.
Contact
Itai
Elizur
Itai@marketacross.com