Republic Note is now trading on INX, according to an email distributed by Republic. The digital security is designed to enable investors to participate in the gains generated from the issuers who have raising money on Republic and delivered a return for the portfolio.
According to the Republic Note page, there are currently 765 companies in the portfolio.
Investors in Republic Note receive a pro-rata share of distributions once the pool hits $2 million. As of today, the pool of funds stands at $920,000. After each funding round is completed, Republic keeps 2% of the raised amount in the form of securities. This generates the funds for the Republic Portal Portfolio. The Note is exposed to every single startup that goes through the Republic Portal. Each Republic Note is a unit of Class B limited liability company membership interests in digital form issued by Republic Core LLC. The dividend distributions may be made in USDC stablecoins – the dollar-based stablecoin issued by Circle.
Republic has invested in INX. On December 4th, INX announced that it had completed “end-to-end integration” with Republic relating to onboarding existing and new Republic users, setting allowances for the Republic wallet, and allowing converted deposits with the Republic wallet.
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