Soneium Opens Royalty IP Vault With a $600,000 Launch Cap
Photo: TokenPost
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.
Also reported by The Defiant.
Source: TokenPost
