Republic to Issue Blockchain-Based Security Token Paying Dividends to Retail Investors

Republic, a neo-investment and technology firm, is set to launch a blockchain-based security token called the Republic Note. The digital asset will pay dividends to retail investors from profits generated by Republic's varied investment portfolio and services. The Republic Note has already raised over $30 million in a presale round and dividends will be paid out in USD Coin (USDC) to retail investors once the dividend pool reaches $2 million. The notes will not be tradeable digital assets and will be listed on select securities exchanges in the next two to three months.