Republic Note Migrates to Avalanche Blockchain, Choice will Improve Performance

Avalanche has been on a roll in recent days. An announcement that JP Morgan was working on a pilot with Avalanche to investigate the tokenization of assets saw the price of Avalanche (AVAX) to rocket higher.

Avalanche is a high-performance blockchain that aims to be able to support enterprise needs – many transactions all at the same time with little to no latency.  This is critical in the tokenization of assets, including digital securities, as time = money, and delays can be really bad for business.

Today, Republic and its Republic Note security product has announced that it will use Avalanche going forward. In an email, Republic explained:

“There’s no better fit for the Republic Note than Avalanche. Here’s why:

Scale and Speed: Avalanche is known for its infinite scalability, which means that Republic Note holders will experience lightning fast, smooth, and inexpensive transactions. Avalanche has partnered with companies like Amazon Web Services, JP Morgan, and other blue-chip brands who trust the network’s technical prowess.

Dedicated Subnet: Avalanche’s killer feature is its customizability with Subnets. Our team is beyond excited to start building a dedicated Subnet on Avalanche next year. This means Republic will have a purpose-built, dedicated blockchain specifically designed for digital securities, with the Republic Note as the inaugural asset.

Mission Driven: In addition to the technical advantages we saw on Avalanche, the team behind the blockchain—Ava Labs—is a longstanding partner of Republic, and shares our commitment to building a more inclusive future for financial markets, made possible by tokenization.”

Avalanche is also less energy intensive than, say, Ethereum – the most popular programmable ledger technology. Republic notes that Avalanche uses 35,000X less energy than Ethereum and 200,000X less than Bitcoin. That is a big difference. Republic calls the selection a “big leap” on Republic Note’s journey.

Republic Note is a digital security that aims to provide investors with returns from Republic portfolio companies. Firms that generate positive returns will share profits with investors.


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