The demand
showed up
In March we published a roadmap. In June, a thesis. H2 opens with the strongest evidence we could ask for: partners are asking for vaults, and platforms are asking for our yield. One line, from what we shipped to where it goes.
Fixed Supply
Fully Circulating and Zero Future Unlocks
180,000,000
The journey
Checked means shipped. Green means live and growing. The rest is where this half goes. Tap any stop to expand.
Shipped · From the Q1 roadmap
Vault discovery, quotes, transaction intents
Agent endpoints: API + MCP
Shipped
Q1 said we would launch machine-readable endpoints for agents. They are live: discovery, quotes, and intents over API and MCP, with open documentation any developer can verify.
By First Digital · BlackRock high yield corporate bond exposure
Finance District vault · BNB Chain
Established
Q1 said we would launch machine-readable endpoints for agents. They are live: discovery, quotes, and intents over API and MCP, with open documentation any developer can verify.
Vault discovery, quotes, transaction intents
Agent endpoints: API + MCP
Live
The clearest signal in any infrastructure business is a partner asking you to build. Finance District, by First Digital, asked. The result is live on BNB Chain: a vault wrapping BlackRock high yield corporate bond exposure, issued on regulated rails.
Built because a partner needed it
BTC Real Yield · loan product
Live
Bitcoin stays in institutional custody, the owner draws against it, and the capital earns regulated RWA yield. The product line grows in the direction partners push it.
We are here · July 2026
In motion
BNB Chain · Base · Robinhood Chain
Multi-chain expansion
Building
IXS vaults are ERC-4626 native: every chain where the standard lives is addressable. BNB Chain is live. Base is coming next. And Robinhood has opened a call for builders on its L2 and its agentic economy. We are answering it. IXS is building on Robinhood Chain.
Node operator · Canton Network + XDC Network
Network operations
Operating
Canton is the network DTCC selected for its tokenized securities platform: commercial launch in October, 50+ firms enrolled, including BlackRock, Goldman Sachs, and JPMorgan. When the institution that settles $3 quadrillion a year chose its network, IXS was already running infrastructure on it. We also operate a node on XDC Network, the chain built around trade finance and tokenized RWAs. Deploying on a chain is a week of work. Operating the networks where regulated settlement is moving is a position.
More frameworks · agent-to-agent flows · regulated rails
Agentic marketplace expansion
Expanding
Agents transact the full vault lifecycle on IXS today: discover, quote, deposit, redeem, no human in the loop. Discovery is already wired in: IXS endpoints are listed across x402, Circle's agent directory, agentic.market, and the CryptoSkill MCP directory, so IXS shows up as an answer inside agent tool-calling flows themselves. Distribution that scales with the agent ecosystem, not with marketing spend. Every platform that hard-codes IXS vault endpoints into its money-movement logic raises the cost of switching away. Nearly everyone is racing to solve agent payments. Almost no one has solved regulated agent yield. That is the category IXS intends to be the reference answer for. We run the thesis internally too: in marketing alone, five end-to-end processes run agent-automated.
Exchanges · neobanks · wallets · payroll
Earn-feature distribution
Expanding
These platforms hold user balances. Users expect balances to earn. And the platforms need a yield source that survives due diligence: regulated issuance, institutional custody, real underlying assets. Payroll deserves its own sentence: salary that earns regulated real-world yield from the moment it lands, inside the app it already lands in. The same logic extends to stablecoin issuers: First Digital is the first anchor, and each additional issuer that plugs IXS in as a yield destination becomes both liquidity and proof. None of these are announcements yet.
The H2 horizon
Tokenized repo with South Street · then DeFi curator integrations
Onchain money markets
Sequenced
A three-party tokenized repo structure with South Street takes IXS from RWA yield into one of the largest short-term funding markets in the world. That is where the platform stops reading as a yield app and starts reading as onchain money markets infrastructure, Behind it, deliberately: once vault distribution has real traction, regulated RWA yield plugs into DeFi's largest lending markets, the Morpho and Aave layer. In that order. Sequencing honestly is the point of publishing a roadmap.
LINE · Union Chain · SEA retail flow
Asia's regulated yield infrastructure layer
H2 objective
Southeast Asia produces the largest crypto-native retail flow in the world, and IXS is already wired into it through the LINE and Union Chain partnerships. The H2 objective: IXS becomes the rails regional exchanges, super apps, and fintechs plug into when their users want real-world yield. The reach exists. The licenses exist. This half connects them.
180M fixed supply · fully circulating · utility legs in design
Token utility: built to compound
Designing
Fixed supply, fully circulating, zero future unlocks. That does not change. What we are saying plainly is how value accrues from here: infrastructure wins by compounding, and we would rather the value this platform generates compound inside it, funding the liquidity, integrations, and utility that make a token worth holding for a decade instead of a cycle. As agentic settlement, partner vaults, and earn-feature distribution go live, the token's role inside that machine economy is being designed now.
Every catalyst routes capital toward the same requirement: a compliant layer where tokenized assets are issued, custodied, and earn.We published the thesis in June. This is what executing it looks like.
Read the full H2 2026 roadmap article
The complete reasoning behind every stop on this line: the demand-side shift, the sequencing, and the thesis it executes.
TVL: more pillars, not just a bigger number.
In Q1, TVL had one pillar: direct deposits. Every stop on the journey line adds an independent one. Hover or tap each pillar.
Direct
Partner
BTC Loans
Earn
Chains
Agents
Direct vault deposits
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
Partner
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
BTC Loans
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
Earn
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
Chains
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
Agents
The original pillar. Capital deposited straight into IXS vaults by investors and treasuries.
The half where the flywheel meets the calendar
The catalysts we mapped in The Third Wave arrive in this window. One of them lands on a network we already operate in.
October 2026
DTCC commercial launch
The $3 quadrillion settler puts tokenized securities into production, on Canton Network, where IXS operates a node.
End of 2026
NYSE goes tokenized, 24/7
US stocks and ETFs trading around the clock on-chain. Tokenization becomes a front-page markets story.
H2 2026
US market structure legislation
Sidelined institutional capital moves into whatever rails are already compliant when clarity lands.
January 2027
GENIUS Act compliance deadline
Enterprises are pushed onto compliant stablecoin and yield rails on a fixed clock. A deadline creates a buyer.