> ## Documentation Index
> Fetch the complete documentation index at: https://docs.ix.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Ownership & the IXD token

> IXD is the on-chain token that represents fractional ownership of IX RWA compute assets.

When you invest, you receive **IXD** — the on-chain token that represents your fractional ownership stake in IX RWA's compute assets. IXD is what entitles you to a pro-rata share of the revenue those assets produce.

## IXD at a glance

| Property       | Value                                                                                                                        |
| -------------- | ---------------------------------------------------------------------------------------------------------------------------- |
| Standard       | BEP-20 (ERC-20), 18 decimals                                                                                                 |
| Symbol         | `IXD`                                                                                                                        |
| Name           | IX RWA Ownership                                                                                                             |
| Network        | BNB Smart Chain testnet                                                                                                      |
| Upgradeability | Beacon proxy (upgradeable implementation)                                                                                    |
| Contract       | [`0xabD5EA3E1651F83EaC06e076196F7fa859Cd1F6A`](https://testnet.bscscan.com/token/0xabD5EA3E1651F83EaC06e076196F7fa859Cd1F6A) |

<Note>
  Some block explorers cache a token's original name/symbol from first indexing. IXD's live, on-chain `symbol()` returns **`IXD`** — verify via the explorer's **Read as Proxy → `symbol`**.
</Note>

## How ownership is issued

You do not mint IXD yourself. Each asset has an ownership pool held by its investment contract; when you invest, IXD is transferred from that pool to your wallet in proportion to your contribution.

```mermaid theme={null}
flowchart LR
    U[Investor] -->|stablecoin| IM[InvestmentManager]
    IM -->|IXD from pool| U
    IM -->|balanceOf = ownership| L[On-chain ledger]
    L -.->|pro-rata| Y[Revenue distributions]
```

<Steps>
  <Step title="You invest">
    Pay a stablecoin into the asset's investment contract.
  </Step>

  <Step title="IXD is transferred to you">
    The contract sends you IXD from the asset's pool, sized to your stake at the asset's price.
  </Step>

  <Step title="Your holding is recorded on-chain">
    Your balance is the on-chain record of what you own.
  </Step>
</Steps>

## What IXD entitles you to

* **A pro-rata claim on revenue** distributed to token holders — see [Revenue & distributions](/protocol/revenue-and-distributions).
* **A verifiable ownership position** reflected in NAV and reserve coverage — see [Transparency & NAV](/protocol/transparency-and-nav).

## Supply

IXD has a fixed maximum supply of **1,000,000,000** tokens. At current parameters this represents ample capacity for the assets onboarded to date; supply and pricing policy are finalized at the audited Phase-2 redeploy, where per-asset share classes and valuation are set deliberately.

<Warning>
  IXD ownership is defined by the protocol's records of which asset you invested in. Treat IXD as an ownership instrument within IX RWA, not as a general-purpose traded currency.
</Warning>

## Transfers and exit

The ownership token supports on-chain transfers. A dedicated **secondary market** — beginning with redemption at NAV, followed by peer-to-peer transfer — is on the roadmap and gated behind the verified money-path and mainnet launch. Until then, IXD is acquired via primary investment.