THE REGISTER FOR UNLISTED OWNERSHIP
Public markets have a register — anyone can check who owns what. Everything else runs on paperwork and trust. IX puts unlisted assets on one list, gives each a checkable ID, and keeps the holdings behind it sealed.
IX-CORE is live on Base testnet and settles in test tokens.
THE GAP
If you own Apple, anyone can verify it. The exchange is the list, and the list is the proof.
A stake in a private company, a loan to a business, a building, a data centre — none of these sit on a list like that. They sit in files. If you say you own ten percent of something, the other side has to take your word for it.
THE RAIL
Every asset on IX follows the same three steps. The path does not change because the asset does.
The asset
Something real that earns — a company stake, a loan, a building, a cluster of machines.
An ID on-chain
The asset is recorded on the register and given an identifier. That record is the reference everything else points at.
A sealed claim
Your holding against that ID. Anyone can check the claim is real. Nobody reads the amounts, the names, or the other holders.
Because the ID proves ownership, the same ID can later be posted as collateral — the way a title lets you borrow against a house.
THE BOOKS
A book is a category on the register. They share the rail, so adding one is onboarding, not a new product.
Private infrastructure
LIVE ON TESTNETData centres, energy, compute.
FIRST BOOK — AI COMPUTE
Private equity
PLANNEDStakes in companies off the exchange.
Private credit
PLANNEDLending outside the listed-bond market.
Real estate
PLANNEDProperty, industrial, land.
Listed stocks, bonds and treasuries are deliberately out of scope. Those already have a register.
PRODUCTS
Each one depends on the one before it. We say where each actually stands.
THE STANDARD
The format every claim on IX takes. Amounts and holders stay encrypted on a public chain, and each balance carries proof that it is backed and real.
THE FIRST BOOK
An index of AI compute, priced from live market rates and marked continuously. The first listing on the register, so the rail is used rather than described.
THE MONEY
Borrow against a claim without giving up the asset behind it. Ships last, because credit without a proven mark and a real reserve is a liability, not a feature.
THE ONBOARDING STANDARD
The standard path for putting an asset on the register — so the other books fill from outside rather than from us buying them.
WHY SEALED
Put a credit book on a transparent chain and every counterparty reads your positions, your concentrations and your pricing. Put it on a private one and everyone is back to trusting the operator.
Neither is acceptable to a serious holder, which is why almost nothing serious has moved. Cipher is the piece that ends the trade-off: sealed to the world, provable to whoever has the right to ask.
WHERE THIS ACTUALLY IS
The register and the first book run today. The rest is written down and not yet built. We would rather you knew which is which.
Register and asset IDs
IX-CORE index
BASE TESTNET, TEST TOKENS
Continuous marking and settlement
TESTNET
IX Cipher
SPECIFIED, NOT PRODUCTION CODE
IX Credit
ixOS onboarding
Additional books
QUESTIONS
No. Compute is the first book on the register because it earns, it is measurable, and it let us prove the rail. The register is the product, and the other books use the same path.
That a specific asset is recorded on the register, and that a given claim against it is real and backed. It does not publish who holds what, or how much.
Each claim carries a cryptographic proof that it is backed and solvent. A counterparty checks the proof rather than the ledger. Holders can disclose more, to a specific party, when they choose to.
Not yet. IX-CORE runs on Base testnet and settles in test tokens. Value is modelled from live market rates so the mechanics are real, but nothing on the site is a live financial product.
No. There is no token, no sale and no distribution. If that ever changes it will be announced directly, and it will not be announced first on a landing page.
Through the same three steps as everything else. Onboarding is a defined process, not an open form — assets are reviewed before they are recorded.
One book, running on testnet, marking continuously. Everything is inspectable — that is rather the point.