Borrow against it. Keep it.
A bank will lend against your house — after weeks of valuations, forms and sign-offs. An asset on IX has already been recorded and is marked every day, so it can be locked on-chain as collateral and borrowed against straight away. You keep the asset, and the revenue it earns goes towards the loan.
Planned. Not built, not live, and deliberately last in the order.
COLLATERAL
IX·INF·0007
Marked value $10,000
Repaid from what the asset earns
MONTHLY REVENUE
HOW IT WILL WORK
The claim does the work twice.
Written down now so the design can be argued with before any of it is built.
- 01
Post
Lock something you already hold on IX — a sealed claim, or units of a market like IX-CORE. It is held on-chain; the asset behind it does not move.
- 02
Borrow
Draw against it at a conservative, published ratio, sized on a mark with a track record rather than a projection.
- 03
Repay from revenue
The asset keeps earning while it is locked, and that revenue goes towards the loan. The upside stays with you, not with the lender.
- 04
Release
Repay and the pledge lifts. The claim was never sold, so there is nothing to buy back and no re-entry to time.
OUTSTANDING, MONTH BY MONTH
REPAID FROM REVENUECollateral that pays its own way
A house does not pay down the mortgage against it. A revenue-earning asset can. Because what you lock on IX earns, part of that income can service the loan month by month — the collateral is working while it is pledged.
- The locked asset keeps earning
- Its revenue goes towards repayment
- You keep the asset and its upside
Liquidity without an exit
Today the only way to get cash out of an unlisted holding is to sell it. A checkable claim makes borrowing the alternative — and because the claim already proves what it is, the lender does not need to take the asset to be comfortable.
- Cash without giving up the position
- The asset keeps earning while pledged
- No forced sale into a thin market
LOAN-TO-VALUE
30%HEADROOM TO MAX
20 pts
MARK HISTORY
Public
Sized on a mark with a history
Lending against a private asset is only as sound as the number you lend against. Physical assets depreciate and day-rates move; a borrower can miss. The ratios are being written on the assumption the mark falls, not on the assumption it holds.
- Conservative ratios, published rather than negotiated
- A mark with a public track record behind it
- Headroom visible to the borrower at all times
- 01A market that runsIX-CORE, on testnetDONE
- 02A mark with a track recordBuilding, night by nightIN PROGRESS
- 03A reserveBefore any lendingPLANNED
- 04Published risk rulesIncluding liquidationPLANNED
Why it comes after layer 01
Credit against an asset whose value can fall, without a proven mark and a real reserve, is not a feature — it is the thing that takes the rest down with it. Fixed-rate lending against a specific book, closer to private credit than to a pooled money market, and only once the pieces beneath it exist.
- Register and mark first, credit afterwards
- Reserves and published risk rules before any lending
- Liquidation rules that assume the mark can fall
WHERE IT SITS
Three layers. Every product.
IX Credit is part of layer 02. 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 — and what has to be true first.
None of this is built. It is here so the design is public before it ships, not after.
- COLLATERAL
- A sealed claim, or a unit of a book
- ASSET
- Stays put, and stays earning
- MODEL
- Fixed-rate, per book — not a pooled money market
- REQUIRES
- A mark with a public track record
- REQUIRES
- Reserves, risk rules, and a liquidation path
- REPAYMENT
- From the revenue the collateral earns
- ORDER
- After layer 01: a market, a mark, and a reserve
- STATUS
- Planned — nothing built
QUESTIONS
The obvious ones.
When can I borrow?
Not yet, and we are not going to guess at a date. It comes after the mark has a track record and the reserve and risk rules exist. Anything sooner would be lending against a number nobody has checked.
What happens if the asset falls in value?
That is the case the design has to survive, which is why it is last. Hardware depreciates, rental rates move, borrowers miss payments — so the ratios and the liquidation path are being written for a falling mark rather than a rising one.
Do I lose the income while borrowing?
No, and that is the point. The claim stays yours and keeps accruing while pledged. Borrowing against it is meant to be an alternative to selling, not a slower version of it.
Why not just run a lending pool?
Because a pooled money market prices everything against one curve, and these books do not behave alike. Fixed terms against a specific book, with rules written for that book, is the honest structure for assets that can depreciate.
Why publish this before building it?
Because a credit design is easier to argue with on a page than to unwind in production. If something here is wrong, we would rather hear it now.
IX CREDIT — PLANNED
First the asset. Then the mark. Then this.
Layer 01 is running today. Credit is what it makes possible — in that order, deliberately.