NOTE, issued by Republic Core LLC, is a tokenized fund interest that represents exposure to a credit fund offered through the Republic private-markets investment platform operated by OpenDeal Inc. [S1]

The token tracks a credit fund, with the holder's economic outcome tied to the performance of that underlying fund. Republic Core LLC offers the instrument through the Republic platform, on which the operating portal entity retains approximately 2% of amounts raised in securities and the affiliated capital entity earns carried interest, economics borne indirectly by participants in platform offerings. [S1][S2]

NOTE is issued by Republic Core LLC, a New York-based technology and support entity within the OpenDeal Inc. family of companies, the platform operator that owns and maintains republic.com and is not a registered broker-dealer. [S1] Republic Core LLC conducts the offering as a Rule 506(c) offering under Regulation D of the U.S. Securities and Exchange Commission (SEC), limiting participation to verified accredited investors. [S1][S3] Affiliated entities include OpenDeal Portal LLC, an SEC-registered funding portal and FINRA member, and OpenDeal Broker LLC, a registered broker-dealer and member of FINRA and SIPC. [S1] Availability may vary by local regulation, and AML and sanctions screening applies at onboarding. [S3]

Republic operates real-world asset tokenization infrastructure spanning issuance, institutional-grade custody, smart contract enforcement of ownership and distribution terms, regulatory-compliance features, and secondary-market trading, supporting the Ethereum, Solana, Algorand, Bitcoin, and Avalanche networks, with investor tokens held in the self-custody Republic Wallet whose holder controls the keys. [S2]

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  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://republic.com/terms" },
    { id: "S2", url: "https://republic.com/tokenization" },
    { id: "S3", url: "https://republic.com/help/who-can-participate-in-digital-asset-offerings-on-republic-617765427107" },
  ]}
/>


Tokenized funds

Republic Pre-IPO tokens are backed by SPV exposure to underlying private-company shares; investors gain economic interest in implied valuation movements. Tokens trade 24/7 on Solana DEXes.

Republic issues tokenized exposure products including the Republic Note (revenue-share token) and tokenized pre-IPO equities such as SpaceX (Republic Pre-IPO), tradable on Solana DEXes.

Republic is a global private-market investment platform founded in 2016, enabling retail and accredited investors to invest in startups, pre-IPO companies, real estate, and crypto.

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Real-world asset (RWA) issuers

Republic

Republic Note (NOTE) is a tokenized fund share issued by Republic through Republic Core LLC.

Each token is a direct claim on the issuer.

The fund is closed-ended and invests in U.S. multi-asset.

Holders have no right to redeem with the issuer.

Republic Core LLC is incorporated in the United States and is offered under an SEC Regulation D exemption.

Holder terms are governed by the law of New York in the United States.

NOTE has been issued on Avalanche as an ERC-1404 token since November 2023.

Republic NoteNOTE

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