Capital for the machines AI runs on.
The AI build-out needs hardware faster than banks will lend against it. Layer 03 lets capital fund it directly: lenders supply stablecoins, operators borrow to buy and run compute, and the revenue those machines earn repays the loan — with the hardware itself as the security.
Planned. Not built and not live. It stands on layers 01 and 02.
COLLATERAL
The hardware
REPAYMENT
Compute revenue
LENDERS EARN
From real usage
FINANCED OPERATORS
- Operator A · Inference cluster64% REPAID
- Operator B · Training capacity38% REPAID
- Operator C · Edge compute12% REPAID
HOW IT WILL WORK
A loop, not a one-way bet.
Capital goes out to hardware and comes back from what the hardware earns.
- 01
Lend
Lenders supply stablecoins to a financing pool, with the terms and the collateral rules published before anything is deployed.
- 02
Finance
Reviewed operators draw from the pool to buy and run compute. The hardware is recorded on IX and secures the loan.
- 03
Earn
The machines earn from the hours they sell. That revenue is reported on a signed feed and marked daily.
- 04
Repay
Revenue flows back to the pool and to lenders. Yield comes from real usage of real machines, not from emissions.
- IX·INF·0101Operator A RECORDED
- IX·INF·0102Operator A RECORDED
- IX·INF·0117Operator B RECORDED
- IX·INF·0124Operator C RECORDED
Secured by the hardware
Every loan is backed by machines that are recorded on IX with an identity that does not drift. A lender is not trusting a pitch deck; they can check what secures the loan.
- Hardware recorded before capital moves
- Collateral visible to lenders
- Published rules for what happens if an operator misses
MONTHLY REVENUE · WHERE IT GOES
Repaid from what it earns
Compute earns by the hour. That income is the repayment — reported on a signed feed and marked daily, so a lender sees the loan servicing itself rather than taking it on faith.
- Revenue reported, not self-declared
- Marked daily, on a published method
- Yield from usage, not from token emissions
Why it is layer 03
Financing new hardware needs a way to value it (layer 01) and a way to lend against it (layer 02). Without both, this is just lending on trust. With them, it is lending against something anyone can check.
- Valuation comes from layer 01
- Collateral rules come from layer 02
- Built last because it depends on both
WHERE IT SITS
Three layers. Every product.
AI Infrastructure Financing is part of layer 03. Each layer builds on the one before it — this is the whole picture, and where each piece actually stands.
Tokenize private assets that earn real revenue.
The first market: AI compute held as one unit, marked from live rates, income accruing into it.
The sealed claim under every market — verifiable by anyone, amounts and holders kept private.
Asset owners bring their assets onto IX and issue them under their own brand.
Lock what you hold and borrow against it.
Capital for AI infrastructure.
SPECIFICATION
What it will be.
None of this is built. It is published so the design can be argued with before it ships.
- LENDERS
- Supply stablecoins to a financing pool
- BORROWERS
- Reviewed AI infrastructure operators
- COLLATERAL
- The hardware, recorded on IX
- REPAYMENT
- From the compute revenue it earns
- MARK
- Daily, on a published method
- DEPENDS ON
- Layers 01 and 02
- STATUS
- Planned — nothing built
QUESTIONS
The obvious ones.
Can I lend today?
No. Layer 03 is planned, and it is not live in any form. We will not take deposits for it until the pieces underneath exist.
Where does the yield come from?
From the revenue the financed machines earn selling compute. Not from token emissions and not from new deposits.
What happens if an operator stops paying?
The loan is secured by the hardware, which is recorded on IX. The rules for what happens then will be published before any capital is deployed — that is part of why this layer comes last.
Does this make IX a GPU company?
No. AI infrastructure is the first market IX finances because it earns, it can be measured and it is growing fastest. The same layers apply to every other private market.
AI INFRASTRUCTURE FINANCING — PLANNED
Built on what runs today.
Layer 03 stands on layer 01 — and layer 01 is already marking AI infrastructure every night, on testnet.