IX-CORE is live on testnet

Private assets that earn. Now on‑chain.

Infrastructure, credit, equity and real estate earn real revenue — and almost none of it is on-chain. IX is building the protocol that brings it there.

Open the testnet See how it works

BuySell

Testnet

You pay

1,000USDC

test USDC on testnet

You get

937.27IX-CORE

units in the first market, AI compute

Try it on testnet

An order as it looks in the testnet app. Example figures, test tokens.

20
Assets on the register: $1.72M
Backing, in test tokens: 1,077
Holders: 2
Networks, one register: 0
Reconciliation delta, nightly

Testnet figures as of 2026-11-14. Nothing here is a live financial product.

Three layers. One protocol.

Each layer stands on the one before it. You cannot lend against an asset that is not on-chain, and you cannot finance new assets without a market that values them.

Layer 01Live on testnet

Own

Tokenize private assets that earn real revenue. Each market gets its own product.

Layer 02Planned

Borrow

Lock what you hold as collateral and borrow against it — without the months of paperwork.

Layer 03Planned

Finance

Put capital to work funding the infrastructure the AI economy runs on.

01Own

Tokenize private assets that earn real revenue.

Every private market works differently, so each one gets a product built for it. They all share the same foundation: a claim anyone can verify, with the holdings behind it kept sealed.

Private infrastructure
Data centres, energy, compute.
IX-CORE · live on testnet
Private credit
Loans outside the listed-bond market.
Its own product, planned
Private equity
Stakes in companies off the exchange.
Its own product, planned
Real estate
Titled property, industrial, land.
Its own product, planned

testnet.ix.finance/books

The Markets page of the IX testnet app: GPU clusters, 24-hour revenue, and the GPU book

The first market, as it runs today on testnet. Every square is one GPU.

IX Cipher

The standard

Specified

The format every claim takes. Amounts and holders stay encrypted on a public chain, and every balance carries proof that it is backed.

IX Protocol

For asset owners

Planned

Owners bring their own assets onto IX and issue them under their own brand. IX provides the rails, the standard and the market — they keep the relationship.

02Borrow

Planned

Borrow against what you hold.

A bank will lend against your house — once it has valued it, papered it and kept you waiting. An asset on IX has already been through all of that, so it can be put to work the moment you need it.

Locked, not soldThe protocol holds your units while the loan is open. You keep the asset and what it earns.
No valuation queueThe asset is already recorded and checked on the register. The number a lender needs exists.
Repaid by revenueCollateral that produces income services its own loan, period by period.

IX CreditPlanned · illustrative

You lock

Your units

Still yours, still earning. Held by the protocol until the loan is paid.

You get

A loan, today

Repaid from the asset’s payouts. Pay early any time.

Coming with layer 02

03Finance

Planned

Capital for AI infrastructure.

AI needs machines faster than banks will lend against them. Layer 03 lets capital fund that build-out directly — secured by the hardware, repaid by the revenue the hardware earns.

01LendersPut capital into a financing pool.
02Financing poolFunds operators, secured by their hardware.
03AI infrastructureThe machines get built and rented out.
04Compute revenueRepays the pool, and lenders earn from real usage.

Financing poolPlanned · illustrative

Collateral

The hardware

Repayment

Compute revenue

Lenders earn

From real usage

Operator A · Inference cluster64% repaid
Operator B · Training capacity38% repaid
Operator C · Edge compute12% repaid

Repaying from revenue, every month.

Every product, by layer.

One runs today, on testnet. The rest are written down and labelled for what they are — we would rather you knew which is which.

01Own

IX-CORE

Live on testnet

The first market: AI compute, with revenue from live rental rates.

IX Cipher

Specified

The sealed claim — verifiable by anyone, amounts and holders kept private.

IX Protocol

Planned

Asset owners bring their assets onto IX and issue them under their own brand.

02Borrow

IX Credit

Planned

Lock a claim as collateral and borrow against it, repaid from what it earns.

Built on layer 01

03Finance

AI Infrastructure Financing

Planned

Capital for operators building compute, secured by the hardware and its revenue.

Built on layer 01 + 02

Questions.

Short answers. The docs have the long ones.

What is live today?

IX-CORE, the first market, runs on Base and Robinhood Chain testnets and settles in test tokens. IX Cipher is specified. IX Protocol, IX Credit and AI infrastructure financing are planned.

Is IX a GPU company?

No. AI infrastructure is the first market because it earns, it can be measured, and it let us prove the rails on something real. Private credit, private equity and real estate follow, each with its own product.

How would borrowing against an asset work?

An asset on IX is already recorded and marked, so it can be locked as collateral on-chain and a loan issued against it, with the asset's revenue going towards repayment. This is IX Credit, and it is planned — not live.

Can I bring my own assets?

That is what IX Protocol is for: asset owners issue their assets on IX under their own brand. It is planned; onboarding will be a reviewed process, not an open form.

Is any of this real money?

Not yet. Everything on the testnet settles in test tokens. The marks come from live market rates, so the mechanics are real; nothing on this site is a live financial product.

The first layer is running. Go and look.

IX-CORE runs every day on testnet. Every position, payout and settlement on it is open to inspection.

Open the testnet Read the docs

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