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  1. PROTOCOL MECHANICS

Issuance

PreviousPROTOCOL MECHANICSNextDeFi Use cases

Last updated 9 months ago

The diagram above breaks down the fundamentals of the TEX issuance process.

Here are the end-to-end steps involved:

• Investors pass KYC and stake $USDC to the staking contract

• TEX transfers staked $USDC to institutional partners

• Institutional partners distribute RWA shares to TEX for custody

• TEX mints Debt.D or Equity.E tokens

• RWA tokens distributed to investors on a pro-rata basis