Investment platform Republic has chosen Avalanche as the blockchain for its Republic Note token. This decision aligns with Republic’s goal of utilizing Avalanche’s strengths to achieve global scalability. Republic Note, which has already received significant interest with over $30 million in pre-sale participation, allows investors to earn returns from a diverse portfolio of over 750 private assets. Republic President Andrew Durgee emphasized Avalanche’s role in enabling Republic Note to reach a global audience of investors. Avalanche’s features, such as controllable subnets, are crucial for optimizing regulatory compliance as a digital security. Republic Note is designed to share profits generated from Republic’s venture portfolio with token holders, with up to 25% of the dividend pool being distributed. During the pre-sale round, the token was priced at $0.36, with a total supply capped at 800 million. Republic’s decision to launch Republic Note on Avalanche could potentially boost the AVAX price. The strategic partnership between Republic and Ava Labs, along with Republic Note’s unique profit-sharing model, may instill confidence in AVAX investors and help mitigate further price declines. After the announcement, the AVAX price experienced a slight recovery, rising to $20.52 at press time.