Republic’s Profit-Sharing Token on Avalanche Will Pay Investors VC Dividends
Republic Crypto is launching R/Note, a tokenized security whose owners get payouts from the company’s venture exits. It will live atop the Avalanche blockchain.
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Republic Crypto is launching R/Note, a tokenized security whose owners get payouts from the company’s venture exits. It will live atop the Avalanche blockchain.
The proposed stablecoin, which tokenizes ownership of Treasuries, mentions BlackRock, Circle, Fireblocks and Coinfirm as “institutional partners.”
Tokenized versions of U.S. Treasuries grew nearly seven-fold so far in 2023 as competition between investment offerings and blockchain venues intensified.
“The tokenization industry is projected to be a $16 trillion industry by the year 2030,” Floki lead developer ‘B’ told CoinDesk in a Telegram message
There really is a crypto future worth fighting for if we can just leave the crypto clowns behind.
The digital bond was issued on R3’s Corda blockchain, while global bank Citi and investment manager TD Securities assisted in the issuance.
Securrency provides institutions with blockchain-based regulatory technology on top of existing legacy systems to enable digital asset adoption in a compliant manner.
Andy Baehr, head of CoinDesk Indices discusses scenarios that could be the drivers of mass adoption in crypto.
Tokenized real-world asset (RWA) marketplace Untangled Finance went live Wednesday on the Celo network after securing a $13.5 million venture capital boost to bring tokenized private credit to the blockchain, the company told CoinDesk.
The development follows the default of a $5 million loan on Goldfinch made to an African robotaxi company.