Add as a preferred source on GoogleSoneium Opens Royalty IP Vault With a $600,000 Launch Cap
The opening follows an Oct. 28 plan from Soneium and Asseto. Their proposal described ipUSD deposits for exposure to royalty-fund returns.
Soneium opened its IP Vault on Oct. 28 with a $600,000 launch cap, bringing a planned royalty product to launch.
The opening follows Soneium and Asseto’s Oct. 28 launch plan. Their proposal described a vault on Soneium Portal that would accept ipUSD deposits for exposure to returns from a Partners Group royalty fund.
The proposed funding path would have Startale App convert Startale USD (USDSC) into ipUSD at a 1:1 rate. USDSC is a dollar stablecoin issued by Startale Group for use on Soneium.
Earlier plans placed the vault within Soneium’s broader entertainment rights initiative. Soneium Portal was planned as a place to find and take part in tokenized intellectual property projects, while other planned products included IP bonds backed by entertainment businesses.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.