Tokenization: The Key Market Evolution of the Financial Future

Real-world assets ( RWA ) are becoming a key part of the cryptocurrency industry. As of May 2024, the RWA market has exceeded 6.6 billion USD, and asset tokenization is expected to reach 10 trillion USD by 2030.

The World Federation of Exchanges ( WFE ) published a paper this month on tokenization, describing it as a natural advancement in finance. Some large financial institutions are also quite active in this area, for example, a large bank is using a certain digital asset platform to tokenize shares in money market funds.

The custodial trust and clearing company ( DTCC ) recently completed a pilot test to evaluate fund tokenization technology and standards. A German bank has joined the Monetary Authority of Singapore's Project Guardian, which is a blockchain consortium that includes several large banks, to explore an interoperable tokenized fund blockchain platform.

The growing interest of the public in blockchain narratives has led to intense competition among many projects aiming to become leaders in the field. Among these projects, IX Swap stands out with its unique approach and ambitious goals. IX Swap is a real-world asset tokenization launch platform and decentralized exchange (DEX), facilitating the trading of security tokens through licensed custodians and broker-dealers. Its aim is to democratize investment opportunities in the private placement market and address the liquidity challenges faced by the tokenization industry.

Let's go back to 2017. As explained by the co-founder of IX Swap, at that time, if you were one of the top ten cryptocurrencies, you would have significant market-making support and could afford to be listed on major exchanges. However, most altcoins were limited to basic listing platforms, lacking order books, market makers, or liquidity.

The emergence of a certain DEX is a transformative innovation in the DeFi space, allowing anyone with two types of cryptocurrencies to create liquidity pools through smart contracts. This enables asset holders to earn fees and trade directly on the platform.

Today, with more assets being tokenized, the RWA field also faces similar liquidity challenges. IX Swap aims to be a certain DEX in the field of security tokens, allowing anyone with RWA and USDC( or other cryptocurrencies) to legally create liquidity pools. This facilitates the buying and selling of tokenized assets, addresses liquidity issues, and makes private market investments more convenient.

Overview of IX Swap Products

IX Swap secondary trading product

In the past decade, the capital growth of the private placement market has been stronger than that of the public market, especially starting around 2016. Furthermore, the private placement market has shown greater resilience in the face of emotional fluctuations. IX Swap aims to leverage these advantages by opening up the private placement market to everyone, providing access to assets that were previously unavailable.

The platform allows trading of securities Token ( STOs ) and fractionalized NFTs ( F-NFTs ), digitizing traditional asset portfolios and providing access to real-world assets such as private equity, real estate, infrastructure, natural resources, and private debt. This is achieved through the provision of regulatory-compliant liquidity pools and automated market making ( AMM ) functionalities. As a bridge between CeFi and DeFi, IX Swap facilitates trading through licensed custodians and brokers, ensuring true ownership and claims over these assets.

IX Swap launch platform

The IX Swap launch platform is a crowdfunding platform that offers unique investment opportunities in promising startups. It allows investors to participate in tokenization transactions in fields such as finance, blockchain, energy, technology, real estate, healthcare, and gaming.

Each investment opportunity on the platform is reviewed by the team to ensure the security and reliability of the investment. The IXS launch platform complies with regulatory requirements, providing a secure investment environment and using security tokens to represent investors' equity, making transactions transparent and secure on the blockchain.

IX Swap's SaaS solution

IX Swap's SaaS liquidity solution enhances the liquidity of real-world asset platforms through automated market makers and liquidity pools. IX Swap connects security token issuers with liquidity providers by offering a monthly subscription-based SaaS solution. The platform automatically matches buy and sell orders, ensuring continuous liquidity for security tokens. This service utilizes smart contracts to facilitate secure and transparent transactions, making it easier for token holders to buy and sell tokens without significant price volatility.

The key advantages of this solution include regulatory compliance, ensuring secure and legal operations, and cross-chain compatibility. These advantages enable the solution to operate across different blockchain networks. IX Swap also provides comprehensive consulting and support services.

IXS Token

The IXS Token is the native token of the IX Swap platform and forms the foundation of its ecosystem. Through a built-in deflationary mechanism, the IXS Token increases scarcity and value by incentivizing ecosystem growth and conducting buyback and burn operations. Benefits of using IXS include discounted fees, access to the IXS launch platform, and SaaS liquidity solutions. The IXS Token also serves as the native payment token of the platform, supports staking for rewards, and enables liquidity mining to enhance returns. Additionally, holding the IXS Token will grant governance capabilities on-chain, allowing participation in the management of its ecosystem.

The following are the current market statistics for the IXS Token as of June 20, 2024:

• Market Cap: $121,211,081
• Fully Diluted Valuation: $124,855,283
• 24-hour trading volume: $1,624,331
• Circulating Supply: 174,746,266 IXS
• Total Supply: 180,000,000 IXS
• Maximum supply: 180,000,000 IXS
• Network: Ethereum ( mainnet ), Polygon ( bridge )

Team, Financing, and Partners

The IX Swap team began working on the concept of developing automated market makers for the security token industry in 2017. The platform officially launched in September 2021 and was founded by three founders. They each have extensive experience in the fields of digital platforms and blockchain, corporate and legal sectors, and capital markets and investment consulting.

Recently, IX Swap was acquired by a company that is a leading licensed tokenization platform in Singapore. This acquisition aims to enhance its capabilities, address liquidity issues in the industry, and expand its market presence and product offerings.

Financing Round

First round of IDO ( on September 7, 2021 ): Raised $186,165 at a price of $0.389 per Token on a certain platform, achieving a 2x dollar investment return. The pre-financing valuation was $70.02 million.

IDO Round 2 (2021-09-08 ): Raised $100,000 at a price of $0.14 per Token on a certain platform, achieving a 5.56 times return on USD investment. The pre-financing valuation was $25.2 million.

IEO( on a certain exchange on September 3, 2021: Raised $700,000 at a price of $0.14 per Token, achieving a 5.56x return on USD investment. The pre-funding valuation was $25.2 million.

Private Sale Round )2021 June (: Raised $1.75 million at a price of $0.05 per Token, achieving a 15.55 times return on USD investment. The pre-financing valuation was $9 million.

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) partnership

This year, IX Swap has established several key partnerships to enhance its platform. These collaborations involve gamification of renewable energy asset management, promotion of tokenization of Korean content, improving liquidity and security, and innovating real estate tokenization, among other aspects. Through these strategic partnerships, IX Swap is committed to pushing the boundaries of the RWA market and driving innovation in decentralized finance.

Competitor

IX Swap provides a unique, legal, and compliant secondary trading platform for RWA Tokens. Unlike other platforms, IX Swap has an operational AMM model and offers retail investors a securities license, supporting stock trading, which is a unique feature in the industry.

There are also other important participants in this field, each with different expertise and focus. For example, some focus on the tokenization of specific asset types such as invoices, royalties, and real estate; others focus on institutional lending or providing credit to emerging markets. Each platform has its unique advantages and limitations, and IX Swap aims to connect DeFi with security tokens, providing liquidity and compliance for tokenized real-world assets.

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On-chain Analysis

Since November last year, the IXS Token has been performing better than the market, entering a sustained upward trend with several consolidations in between. Despite its strong performance, the project's market capitalization remains relatively small, leading to occasional fluctuations and high volatility.

Data comes from the Smart Money feature of a certain data platform. Since the beginning of the year, the number of smart wallets and holders has been steadily increasing. However, this growth has not been accompanied by a significant increase in balances. It is important to note that this feature only considers wallets that have performed well over a longer period. In today's market, individual investors often use multiple wallets, so this data may not fully reflect the overall picture. Nevertheless, it is still an interesting trend.

Last week, one of the largest wallets accumulating IXS was discovered, holding assets worth a total of $1.1 million, including 198,839 IXS Tokens, approximately $150,000. The wallet belongs to a well-known KOL and investor who publicly disclosed his wallet this year. Over the past week, there have been no significant IXS sell-offs from this large wallet.

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Bullish Fundamental Factors

• IX Swap is telling an engaging story that is gaining significant attention and demonstrating enormous growth potential. If this momentum continues and the project can maintain consistent and credible activity, it could ultimately be regarded as a pioneer in its field with higher valuation potential.

• In the current market, many newly launched projects have a high fully diluted valuation ) FDV (, indicating that they may be overvalued relative to their fundamentals and market position. However, the FDV of IX Swap is approximately $135 million, which is comparable to its market cap. This provides a more balanced valuation and an attractive risk-reward ratio.

• The project prioritizes security and compliance, which is crucial for gaining the trust of investors. This focus reduces the risks associated with fraud and legal issues, making it a more reliable investment.

• IX Swap is led by a transparent and experienced team, which is essential for understanding the market, avoiding