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Tech firm Republic has partnered with Avalanche to launch its profit-sharing digital asset, the Republic Note (R/Note), with the aim of democratizing private market investing. The R/Note is a revenue-sharing digital security backed by Republic’s private equity portfolio, and the partnership with Avalanche was chosen for its scalability, speed, and technical capabilities. Avalanche has established partnerships with brands like Amazon Web Services and Mastercard, and Republic plans to launch a dedicated Subnet on Avalanche next year for enhanced security and regulatory compliance. The partnership aligns with both Republic and Ava Labs’ commitment to fostering a more inclusive future for financial markets through tokenization. The pre-sale of Republic Notes has already attracted participation from thousands of individual retail investors, and the public listing is scheduled for December. The partnership is expected to have a positive impact on the AVAX price, as it establishes a strong foundation for expanding its reach to a global audience of investors. Despite a recent decline, AVAX has outperformed major cryptocurrencies like Bitcoin and Ethereum, positioning itself as one of the industry’s top performers. The launch of the Republic Note on Avalanche’s platform is a significant milestone in making the asset accessible to pre-sale participants, and it remains to be seen whether this partnership can further bolster AVAX’s price and drive it to new yearly highs in 2023.