Republic to Issue Blockchain-Based Security Token Paying Dividends to Retail Investors
Republic, a neo-investment and technology firm, is set to launch a blockchain-based security token called the Republic Note. The digital asset will pay dividends to retail investors from profits generated by Republic's varied investment portfolio and services. The Republic Note has already raised over $30 million in a presale round and dividends will be paid out in USD Coin (USDC) to retail investors once the dividend pool reaches $2 million. The notes will not be tradeable digital assets and will be listed on select securities exchanges in the next two to three months.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Congress’s top priorities this lame duck session
Here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress
First-ever Dogecoin ETP debuts in Nordics as Elon Musk boosts interest in the crypto asset
BTC breaks through $94,000
The ZKasino project borrowed 12.38 million DAI from Aave again in the past 2 hours to go long on ETH
Trending news
MoreCrypto prices
More
