<\/p>\n
Financial services company Republic debuted its own self-custody digital wallet Thursday, which will be integrated into its retail crypto investing platform.\u00a0<\/p>\n
According to Republic, users will no longer have to create their own third-party wallets to manage their crypto holdings or participate in token drops on the platform. Instead, they can rely on Republic\u2019s multi-chain, multisignature wallet which will have \u201cone unified interface.\u201d<\/p>\n
The wallet, which has been in development for over a year, is supported on Ethereum, Circle\u2019s USDC, and Algorand. Republic said that it plans to add compatibility with Bitcoin<\/a>, Avalanche, Polygon and others in the future, according to a press release provided to Blockworks.<\/p>\n Republic also allows its 3 million members to invest not just in digital assets themselves, but also tokenized securities and tokenized real world assets such as art, music or real estate.\u00a0<\/p>\n Andrew Durgee, Head of Republic Crypto, said that assets like these are usually off limits to most normal people looking to invest in the market. He thinks tokenization is the answer.<\/p>\n \u201cFor millions of global retail investors, investing in private assets like startups, real estate, and fine art is opaque, highly illiquid, and mostly inaccessible,\u201d Durgee said in a statement.\u00a0<\/p>\n He continued, \u201cTokenization solves all of these problems. It\u2019s why we built Republic Wallet.\u201d<\/p>\n Republic has facilitated the funding of 15 separate crypto projects. Among them is LimeWire, an early 2000s website chiefly known for music piracy, that is attempting a comeback as a Web3 creator platform.\u00a0<\/p>\n And if crypto isn\u2019t something a user wants to add to their portfolio, there\u2019s also the option to invest in private startups, real estate, and a number of other opportunities that aren\u2019t specifically blockchain oriented.<\/p>\n For the crypto minded among Republic\u2019s customers, they\u2019ll eventually be able to stake their crypto through the newly-minted digital wallet and earn rewards via the company\u2019s validators on Ethereum<\/a>, Avalanche, Polygon, Aptos and more.<\/p>\n Republic informed Blockworks that while their wallet utilizes multi-signature technology, it also intends to integrate multi-party computation (MPC). Initially, MPC will be an additional method for users to recover their seed phrases, while the primary function of multisig will be to ensure the security of transaction signing.<\/p>\n A full-scale adoption of MPC will occur once the wallet team runs a full set of audits on the MPC architecture, Republic told Blockworks.<\/p>\n Get the day\u2019s top crypto news and insights delivered to your email every evening.\u00a0Subscribe to Blockworks\u2019 free newsletter<\/a>\u00a0now.<\/strong><\/p>\n Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, can\u2019t-miss tweets and more from\u00a0Blockworks Research\u2019s Daily Debrief<\/a>.<\/strong><\/p>\n Can\u2019t wait? Get our news the fastest way possible.\u00a0Join us on Telegram<\/a>\u00a0and follow us on\u00a0Google News<\/a>.<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Financial services company Republic debuted its own self-custody digital wallet Thursday, which will be integrated into its retail crypto investing platform.\u00a0 According to Republic, users will no longer have to create their own third-party wallets to manage their crypto holdings or participate in token drops on the platform. Instead, they can rely on Republic\u2019s multi-chain, […]<\/p>\n","protected":false},"author":2,"featured_media":138436,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-138435","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138435","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138435"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138435\/revisions"}],"predecessor-version":[{"id":148081,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138435\/revisions\/148081"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138436"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138435"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138435"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138435"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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