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Grayscale DeFI Fund (Reg D)
Republic Note + Avalanche: the new network for Republic’s flagship digital asset
Nov 17, 2023
We’re excited to announce that the Republic Note will be launching on Avalanche, a leading Layer-1 blockchain network, marking a pivotal technological step in the Note’s journey.
In the news today!
CoinDesk: Republic's profit-sharing token on Avalanche will pay investors VC dividends
Cointelegraph: Tech firm Republic taps Avalanche for profit-sharing investment note
TheBlock: Republic selects Avalanche blockchain for its investment security token
Cointelegraph: Tech firm Republic taps Avalanche for profit-sharing investment note
TheBlock: Republic selects Avalanche blockchain for its investment security token
A technological milestone for the Republic Note
The Note, Republic's upcoming digital asset, is an on-chain digital security, and thus will record all transactions on the distributed ledger. The choice of blockchain is a critical one for the project, and there's no better partner for us than Avalanche.
⏱️ Don't miss the Note launch:
⏱️ Don't miss the Note launch:
What is Avalanche?
Distinguished from other Layer-1 blockchains, Avalanche stands out for its unique architecture that offers industry-leading scalability, speed, and flexibility. Its consensus mechanism facilitates rapid transactions with minimal environmental impact. Today it's the 11th largest chain in the world (with over $8B in market cap). Learn more on avax.network
💡 Understanding Layer-1 blockchains: A Layer-1 blockchain is the foundational layer of a blockchain network, where transactions are processed and secured. These networks, like Ethereum, Bitcoin, and Avalanche, provide the core infrastructure for recording transactions. They are essential because they maintain the network’s security, consensus, and protocol rules, forming the bedrock for decentralized applications and digital assets—like the Republic Note.
Why Republic chose Avalanche for the Note
Selecting Avalanche for the Republic Note was a strategic decision influenced by several important factors:
Scale and speed
Known for its infinite scalability, Avalanche ensures that Republic Note holders will experience lightning-fast, smooth, and low-cost transactions—reasons that keep Republic in good company. Blue-chip brands like Amazon Web Services and Mastercard have partnered with Avalanche for its strong technical capabilities.
Customization
Our commitment to building on Avalanche includes plans to launch a dedicated Subnet next year, offering a purpose-built network specifically designed for the Republic Note. This move will bring Republic Note to its own bespoke blockchain, with dedicated scalable security, privacy, and regulatory compliance—all integral to a robust digital security environment.
Mission alignment
Beyond the technical advantages, our partnership with Ava Labs, the team behind Avalanche, is driven by a shared commitment to building a more inclusive future for financial markets through tokenization.
Eco-friendliness
When it comes to the energy required to run, no other blockchain comes close. According to the Crypto Carbon Ratings Institute, Avalanche consumes the same energy as only 46 US households each year — 35,000x less energy than Ethereum and 200,000x less than Bitcoin.
Scale and speed
Known for its infinite scalability, Avalanche ensures that Republic Note holders will experience lightning-fast, smooth, and low-cost transactions—reasons that keep Republic in good company. Blue-chip brands like Amazon Web Services and Mastercard have partnered with Avalanche for its strong technical capabilities.
Customization
Our commitment to building on Avalanche includes plans to launch a dedicated Subnet next year, offering a purpose-built network specifically designed for the Republic Note. This move will bring Republic Note to its own bespoke blockchain, with dedicated scalable security, privacy, and regulatory compliance—all integral to a robust digital security environment.
Mission alignment
Beyond the technical advantages, our partnership with Ava Labs, the team behind Avalanche, is driven by a shared commitment to building a more inclusive future for financial markets through tokenization.
Eco-friendliness
When it comes to the energy required to run, no other blockchain comes close. According to the Crypto Carbon Ratings Institute, Avalanche consumes the same energy as only 46 US households each year — 35,000x less energy than Ethereum and 200,000x less than Bitcoin.
Republic and Ava Labs put it this way:
“With Avalanche, the Republic Note is getting the foundation it needs to reach and scale with a global audience of investors. Choosing Avalanche goes far beyond the network’s strength, scale, and speed—it solidifies our longstanding partnership with Ava Labs, built on a shared vision of more inclusive financial markets.”
—Andrew Durgee, President, Republic
"Avalanche is the ideal platform to support the Republic Note's exciting launch. Our collaboration with Republic showcases a mutual commitment to developing innovative digital financial products. We are excited for a wider range of investors to have the chance to choose from new opportunities and anticipate a transformative era on the horizon for groundbreaking digital assets.”
—John Wu, President, Ava Labs
—Andrew Durgee, President, Republic
"Avalanche is the ideal platform to support the Republic Note's exciting launch. Our collaboration with Republic showcases a mutual commitment to developing innovative digital financial products. We are excited for a wider range of investors to have the chance to choose from new opportunities and anticipate a transformative era on the horizon for groundbreaking digital assets.”
—John Wu, President, Ava Labs
Avalanche Subnets: The future of the Note
Subnets are essentially dedicated, customizable blockchains. Having our own Avalanche Subnet represents a transformative step for the Republic Note, offering several advantages:
Reduced Network Dependency: A dedicated Subnet ensures consistent performance for the Republic Note, independent of the broader network's traffic and conditions.
Optimized Compliance and Control: We can align the Subnet precisely with legal requirements and investor protection standards, guaranteeing a secure and compliant investment environment.
Customized Smart Contract Capabilities: The flexibility to deploy custom smart contracts tailored to the Republic Note’s needs allows for innovative features and functionalities.
Sustainable Blockchain Usage: Avalanche Subnets align with our commitment to sustainability and responsible innovation, appealing to environmentally conscious investors.
These enhancements will not only improve the Republic Note's operational efficiency but also significantly bolster the investor experience. As we move towards this future, the Republic Note is positioned at the forefront of financial technology, embracing the latest advancements to deliver a superior investment product.
Reduced Network Dependency: A dedicated Subnet ensures consistent performance for the Republic Note, independent of the broader network's traffic and conditions.
Optimized Compliance and Control: We can align the Subnet precisely with legal requirements and investor protection standards, guaranteeing a secure and compliant investment environment.
Customized Smart Contract Capabilities: The flexibility to deploy custom smart contracts tailored to the Republic Note’s needs allows for innovative features and functionalities.
Sustainable Blockchain Usage: Avalanche Subnets align with our commitment to sustainability and responsible innovation, appealing to environmentally conscious investors.
These enhancements will not only improve the Republic Note's operational efficiency but also significantly bolster the investor experience. As we move towards this future, the Republic Note is positioned at the forefront of financial technology, embracing the latest advancements to deliver a superior investment product.
Aligning missions: Republic, Ava Labs, and the power of tokenization
Our partnership with Ava Labs reflects a common goal: democratizing access to private markets through tokenization. This alignment underscores our commitment to a future where financial markets are more inclusive and accessible.
Republic and Ava Labs are at the forefront of tokenization, a market projected to expand into the tens of trillions of dollars this decade. This combination of blockchain and smart contract logic has the power to democratize investments, reduce costs, and improve transparency and efficiency throughout the asset management lifecycle. Ava Labs remains dedicated to digitizing the world’s assets, contributing to the growing ecosystem of tokenized assets on Avalanche.
Republic and Ava Labs are at the forefront of tokenization, a market projected to expand into the tens of trillions of dollars this decade. This combination of blockchain and smart contract logic has the power to democratize investments, reduce costs, and improve transparency and efficiency throughout the asset management lifecycle. Ava Labs remains dedicated to digitizing the world’s assets, contributing to the growing ecosystem of tokenized assets on Avalanche.
Looking ahead: next steps for the Republic Note
Mainnet Deployment: The Republic Note will go live on Avalanche's mainnet this month, a significant step toward making the Note available to our pre-sale participants, who collectively contributed over $30 million.
Republic Wallet Integration: The Republic Wallet, where Notes will be distributed, is fully integrated with the Republic investor experience. This integration not only benefits Note holders but also connects directly with the secondary trading capabilities planned for listing.
Anticipating the Listing: The listing of the Republic Note on INX, a US-regulated secondary trading platform for digital assets, symbolizes both an endpoint and a new beginning. It represents the culmination of our efforts and the start of a new chapter where the Republic Note community can grow without bounds.
The next logical question: when will the Republic Note actually list? The answer will be revealed to the subscribers of this list:
Republic Wallet Integration: The Republic Wallet, where Notes will be distributed, is fully integrated with the Republic investor experience. This integration not only benefits Note holders but also connects directly with the secondary trading capabilities planned for listing.
Anticipating the Listing: The listing of the Republic Note on INX, a US-regulated secondary trading platform for digital assets, symbolizes both an endpoint and a new beginning. It represents the culmination of our efforts and the start of a new chapter where the Republic Note community can grow without bounds.
The next logical question: when will the Republic Note actually list? The answer will be revealed to the subscribers of this list:
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