Investment platform Republic has chosen Avalanche as the blockchain for its upcoming tokenized investment fund, Republic Note. This decision aligns with Republic’s goal of utilizing Avalanche’s strengths to achieve global scalability. Republic Note is a security token that allows investors to earn returns from a diverse portfolio of over 750 private assets. Despite not being deployed to the mainnet yet, Republic Note has already attracted significant interest, with over $30 million in pre-sale participation from individual and institutional investors. Republic President Andrew Durgee emphasized Avalanche’s role in enabling Republic Note to reach a global audience of investors. Avalanche’s controllable subnets, which are customizable side chains, are particularly beneficial for optimizing regulatory compliance as a digital security. Republic Note aims to share profits generated from Republic’s venture portfolio with token holders, distributing up to 25% of the dividend pool. 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 impact the price of AVAX. The strategic partnership between Republic and Ava Labs, coupled with Republic Note’s unique profit-sharing model, may instill confidence in AVAX investors and potentially mitigate further price declines. After the Republic Note announcement, AVAX’s price experienced a slight recovery, rising to $20.52 from a low of $20.18.