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
[email protected]
