R-NOTESecurity Token
Republic Note Profit-Sharing Digital Security Token
- Value issued
- $288M
- 29D change
- 0.0%
- Yield
- None
- NAV
- 0.3600
- Management fees
- 0.00%
- Minimum
- $100
- Redemption
- At maturity
- Launched
- 06 Dec 2023
Depends onFireblocks
Field coverage 96%Primary-source or on-chain verified 50% of tracked metrics1/1 source documents analyst-verifiedLast reconciled 13 Nov 2026
Overview
What this product is
SEC-registered Regulation A+ digital security token issued on Avalanche, sharing upside profits whenever companies in Republic's venture and private equity portfolio exit or IPO.
- Underlying asset
- Profit-sharing interests tied to portfolio exits and carry across Republic's venture assets
- Asset class
- Equity
- Product structure
- Security Token
- Legal structure
- US Regulation A Equity
- Issuer jurisdiction
United States- Fund domicile
- United States
- Base currency
- USD
- Launched
- 06 Dec 2023
Peer set
Comparable products
Products in the same asset class and currency. Yields are quoted on different bases, so check each one before comparing.
Issuer
Who runs it
Republic (OpenDeal Inc.)New York, United States
New York, United StatesFinancial technology firm operating global private investment platforms and issuing SEC-registered digital securities and profit-sharing notes like Republic Note.
Portfolio
Composition
- Republic Venture Portfolio Profit-Sharing Rights95.0%
- Dividend Distribution Escrow5.0%
On-chain history begins 16 Oct 2026 and covers 29 days of readings.
AUM
$288M
Assets under management
+0.0% over 29 days held
Yield
0.00%
Yield history. No yield
No on-chain history recorded for this series yet.
NAV
0.3600
NAV per token
No on-chain history recorded for this series yet.
Movement
Recent daily movement
Net movement $0Over 29 daysChange 0.0%
| Direction | ||||
|---|---|---|---|---|
| 13 Nov 2026 | $288M | $0 | 0.0% | |
| 12 Nov 2026 | $288M | $0 | 0.0% | |
| 11 Nov 2026 | $288M | $0 | 0.0% | |
| 10 Nov 2026 | $288M | $0 | 0.0% | |
| 09 Nov 2026 | $288M | $0 | 0.0% | |
| 08 Nov 2026 | $288M | $0 | 0.0% | |
| 07 Nov 2026 | $288M | $0 | 0.0% | |
| 06 Nov 2026 | $288M | $0 | 0.0% | |
| 05 Nov 2026 | $288M | $0 | 0.0% | |
| 04 Nov 2026 | $288M | $0 | 0.0% |
Holdings
Disclosure
Underlying portfolio
| Share | ||||
|---|---|---|---|---|
| Republic Venture Portfolio Profit-Sharing Rights | - | 95.0% | ||
| Dividend Distribution Escrow | Cash & equivalents | - | 5.0% |
Exposure
What you actually own
Economic exposure is to profit-sharing interests tied to portfolio exits and carry across republic's venture assets. Weighted average maturity is 0 days, which sets how quickly the portfolio reprices as rates move.
- 95.0%
- Cash & equivalents
- 5.0%
Redemption
Terms
Contractual terms
- Redemption frequency
- At maturity
- Dealing cut-off
- Dividend distribution epoch upon venture exits
- Settlement
- Automatic USDC dividend airdrop directly to token holders' wallets
- Redemption fee
- None
- Secondary venues
- INX Securities ATS, Republic Wallet
- Transfer restrictions
- Freely transferable among KYC-cleared wallets on Avalanche C-Chain.
These are contractual terms from the offering documents. Observed settlement performance and any discretionary accommodation by the manager are explicitly out of scope.
Assessment
Liquidity profile
Primary redemption
At maturity · Automatic USDC dividend airdrop directly to token holders' wallets
Off-hours exit
Constrained to Dividend distribution epoch upon venture exits
Secondary market
INX Securities ATS, Republic Wallet
Transferability
Allow-listed wallets only
Exit fee
No redemption fee
Relationship graph
Operational dependency network
Every firm and system this product relies on. Select any of them to open its profile.
Every counterparty and system this product depends on to function. Each card links to that entity's own profile: the question worth asking of each is what happens to your position if it stops working.
Open in Ecosystem Graph →Issuance & legal
Who is legally on the hook for this product.Custody
Where the backing assets actually sit.Platform & data
The software and price sources the product runs on.Markets & settlement
Where it trades and how value moves between venues and chains.
Edges marked derived are inferred from a structured field on this product that carries its own source; they are not independent confirmation of it. Edges without that mark were sourced separately from a disclosure naming both parties.
Deployments
Registry
Networks and contracts
| Contract / asset id | |||
|---|---|---|---|
| Avalanche C-ChainPrimary | public l1 | 0x7c6a937943…94a8f7a7 | 100.0% |
Counterparties
Service providers
If any of these has a problem, this product is affected.
- Custodian
- Fireblocks· New York, United States
- Administrator
- Republic· New York, United States
- Transfer agent
- Republic· New York, United States
- Tokenization platform
- Republic· New York, United States
- Oracle / attestation
- Not disclosed
Access
Classification
Who may hold this
RetailEligible
AccreditedEligible
ProfessionalNot eligible
InstitutionalEligible
- Minimum investment
- $100
- Allow-list required
- Yes
- Transfer restrictions
- Freely transferable among KYC-cleared wallets on Avalanche C-Chain.
Geography
Where it is available
United StatesAvailable
European UnionNot available
SingaporeAvailable
United KingdomAvailable
SwitzerlandAvailable
Hong Kong SARNot available
United Arab EmiratesAvailableExplicit prohibitions
- −North Korea
- −Iran
- −Cuba
- −Syria
Availability is limited to the jurisdictions in the coverage boundary. Absence here means not covered, not necessarily prohibited. This is a classification of the offering documents, not legal advice.
Structure
Legal and regulatory
- Legal structure
- US Regulation A Equity
- Product structure
- Security Token
- Fund domicile
- United States
- Issuer jurisdiction
- United States
- Transfer agent
- Republic (OpenDeal Inc.)
The domicile of the fund and the jurisdiction of its manager are frequently different. Both are recorded separately because they drive different questions: tax and insolvency follow the domicile, supervision follows the manager.
Source documents
Offering documentation
The documents behind the figures on this page. Anything marked verified has been checked by an analyst.
On-chain activity
Daily value outstanding
Value outstanding as read from the token contracts each day, and the movement between readings. Mints and redemptions are not separable on-chain, so this is the net of both, not gross issuance.
Net movement $0Over 29 daysChange 0.0%
| Direction | ||||
|---|---|---|---|---|
| 13 Nov 2026 | $288M | $0 | 0.0% | |
| 12 Nov 2026 | $288M | $0 | 0.0% | |
| 11 Nov 2026 | $288M | $0 | 0.0% | |
| 10 Nov 2026 | $288M | $0 | 0.0% | |
| 09 Nov 2026 | $288M | $0 | 0.0% | |
| 08 Nov 2026 | $288M | $0 | 0.0% | |
| 07 Nov 2026 | $288M | $0 | 0.0% | |
| 06 Nov 2026 | $288M | $0 | 0.0% | |
| 05 Nov 2026 | $288M | $0 | 0.0% | |
| 04 Nov 2026 | $288M | $0 | 0.0% | |
| 03 Nov 2026 | $288M | $0 | 0.0% | |
| 02 Nov 2026 | $288M | $0 | 0.0% | |
| 01 Nov 2026 | $288M | $0 | 0.0% | |
| 31 Oct 2026 | $288M | $0 | 0.0% | |
| 30 Oct 2026 | $288M | $0 | 0.0% | |
| 29 Oct 2026 | $288M | $0 | 0.0% | |
| 28 Oct 2026 | $288M | $0 | 0.0% | |
| 27 Oct 2026 | $288M | $0 | 0.0% | |
| 26 Oct 2026 | $288M | $0 | 0.0% | |
| 25 Oct 2026 | $288M | $0 | 0.0% | |
| 24 Oct 2026 | $288M | $0 | 0.0% | |
| 23 Oct 2026 | $288M | $0 | 0.0% | |
| 22 Oct 2026 | $288M | $0 | 0.0% | |
| 21 Oct 2026 | $288M | $0 | 0.0% | |
| 20 Oct 2026 | $288M | $0 | 0.0% | |
| 19 Oct 2026 | $288M | $0 | 0.0% | |
| 18 Oct 2026 | $288M | $0 | 0.0% | |
| 17 Oct 2026 | $288M | $0 | 0.0% | |
| 16 Oct 2026 | $288M | - | - |
Related intelligence
0 events reference this product
No tracked events reference this product yet.