Hassan Maishera
Republic, a digital finance leader, announced on Thursday, August 17th, that it has launched its fully integrated digital wallet to its global community of more than three million members.
In a press release shared with Cryptowisser, the team said the Republic Wallet will power the ability to invest in, trade, and securely manage Republic investment offerings like tokenized securities, tokenized real-world assets, and more.
While commenting on this latest development, Andrew Durgee, Head of Republic Crypto, stated that;
“For millions of global retail investors, investing in private assets like startups, real estate, and fine art is opaque, highly illiquid, and mostly inaccessible. Tokenization solves all of these problems. It’s why we built Republic Wallet, a multisig, multi-chain digital wallet designed for a future where most private assets are tokenized.”
According to the team, Republic Wallet is designed to sit at the heart of every Republic community member’s digital asset investment experience. The wallet has numerous benefits, including
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Seamless integration
The wallet is the hub for participating in token offerings on Republic. Integrating the Republic Wallet with the Republic product experience makes it possible for investors to avoid the burdensome process of creating and managing third-party wallets to receive their assets, and view their owed (off-chain) and received (on-chain) asset balances in one unified interface.
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Multi-chain capability
Republic Wallet is designed to support multiple blockchains, making it possible for users to manage various digital assets within a single, secure platform. The wallet supports assets on various blockchains including Ethereum, Avalanche, and Algorand today, with Bitcoin, Polygon, and others coming soon.
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Robust security
The wallet is fortified by rigorous testing by Quantstamp, a leading smart contract auditing firm. The wallet is also set to roll out multi-party computation to optimize private key management in a bid to provide an extra layer of protection for users.
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Simple design
The wallet’s user interface is simple and intuitive as the team wants to ensure that it is accessible to investors of all levels. After completing a simple onboarding flow and private key storage, users will be equipped to confidently navigate and transact from Republic Wallet.
In the beginner, the 5,000+ holders of the Republic Note, Republic’s digital security, will use the wallet to receive and manage their assets. However, the team intends for its investors to earn staking rewards by delegating their digital assets directly from Republic Wallet to the company’s validators.
Republic is a global technology firm pioneering the digital transformation of finance. The Republic ecosystem is composed of an enterprise-focused digital merchant bank and a network of international retail investment platforms.
