Republic selects Avalanche blockchain for its investment security token

Republic has selected Avalanche as its blockchain of choice for the launch of Republic Note, a digital asset that allows investors to earn returns from an investment portfolio.

"With Avalanche, the Republic Note is getting the foundation it needs to reach and scale with a global audience of investors," Andrew Durgee, Republic’s president, said in the the statement.

Since being founded in 2016, Republic said it has deployed "more than $2.6 billion" into privately held ventures like Axiom Space and Dapper Labs.