Republic Note is a security designed to allow investors to participate in the success of the online investment platform. Once a shared pool hits a certain threshold, distributions are made to holders of the Republic Note. The security is traded on INX, a marketplace in which the Republic has an ownership stake.
Seedrs, acquired by Republic, is the largest investment crowdfunding platform in Europe. Initially operating only in the UK, several years ago, Seedrs expanded to offer securities in continental Europe. Today, following ECSPR (European Crowdfunding Service Provider Regulations), Seedrs is putting more energy into expanding its pan-European securities offerings.
In a blog post today, Republic shared that it may add Seedrs to the performance pool for Republic Note holders. Republc said their European business is growing with new deals and opportunities while implying more integration is in the works for Republic Note. To quote the post:
“What does it mean for Republic Note? No immediate changes, but we intend to align Republic Note with the long term success of Republic as a whole. The continuous support from our community is what fuels our drive towards these goals.”
While Republic Note has yet to make a distribution to investors, just last week, Republic shared that they have added over $50,000 to the dividend pool. The pool now stands at almost $1 million. The pool is made up of returns from almost 800 issuers. At $2 million, Republic Note will distribute the money to the Note holders. Adding Seedrs issuers to the process should help boost growth over time.
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