Digital finance firm Republic has recently unveiled its self-custodial multi-chain digital wallet, allowing more than three million customers to access and manage tokenized assets across multiple blockchains. The Republic Wallet offers support for leading blockchains such as Ethereum and Avalanche, with plans to add Bitcoin and Polygon in the future. The wallet’s security has been tested and audited by Quantstamp, and further protection is provided through the integration of multi-party computation. This launch aims to bring the benefits of tokenization to a global community of investors, democratizing private investing and contributing to the growth of the tokenization market, which is expected to reach $24 trillion by 2027.

Summary:

Digital finance firm Republic has introduced its self-custodial multi-chain digital wallet, Republic Wallet, to over three million customers. The wallet allows users to access and manage tokenized assets across various blockchains, initially supporting Ethereum and Avalanche with plans to add Bitcoin and Polygon. The wallet’s security has been audited by Quantstamp, and additional protection is provided through multi-party computation. The launch aims to democratize private investing and contribute to the growth of the tokenization market, projected to be valued at $24 trillion by 2027.

FAQs:

What is Republic Wallet?

Republic Wallet is a self-custodial multi-chain digital wallet introduced by digital finance firm Republic. It allows users to access and manage tokenized assets across various blockchains.

Which blockchains does Republic Wallet initially support?

Republic Wallet initially supports Ethereum and Avalanche. However, the wallet plans to add support for Bitcoin and Polygon in the future.

How is the security of Republic Wallet ensured?

The security of Republic Wallet is tested and audited by Quantstamp. Additionally, the wallet integrates multi-party computation to provide an extra layer of protection for users.

What is the goal of the launch of Republic Wallet?

The launch of Republic Wallet aims to bring the benefits of tokenization to a global community of investors, democratizing private investing and contributing to the growth of the tokenization market, which is projected to reach $24 trillion by 2027.

Who are the first users of Republic Wallet?

The first users of Republic Wallet are over 5,000 holders of Republic’s digital security, Republic Note. They will be able to receive, transfer, and manage crypto assets using the new wallet. Availability will expand to more users, who will also earn passive income through staking rewards.