TechFlow reported, according to CoinDesk, investment firm Republic announced it will launch its "profit-sharing" digital securities token, the Republic Note, on December 6 via the Avalanche blockchain on the INX trading platform. The security will allow investors exposure to Republic’s portfolio of over 750 private companies, including Web2 and Web3 ventures, as well as assets such as SpaceX, Dapper Labs, and Carta.
The token will be available to non-accredited investors with relatively low minimum investment requirements, making it accessible to retail investors who typically cannot hold shares in private companies without accreditation or large capital outlays. The mechanism works as follows: when a liquidity event occurs at one of the portfolio companies—such as a dividend payment or other cash-generating event—the profits flow into the Republic Note dividend pool. Whenever the pool reaches $2 million, USDC dividends are distributed directly to the digital wallets of Note investors.
