PANews reported on November 10th that, according to The Block, Canadian publicly traded company Republic Technologies (CSE: DOCT) announced it has secured $100 million in zero-coupon convertible bond financing from an institutional investor to expand its Ethereum staking and reserves business. The company stated that over 90% of the funds will be used to purchase ETH, with an initial investment of $10 million.

This financing is interest-free and requires no additional margin, making it a rare "cash flow neutral" structure in the crypto industry. It comes with warrants that exercise at 50% market value. Republic operates ETH validator nodes, allowing users to earn staking and validator rewards by holding tokens, and has partnered with QCP Capital to develop a structured ETH yield strategy with a weekly return of approximately 1.75%.