Redemption

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

Here are the end-to-end steps involved:

• Issuance only available to investors that have passed KYC

• Investor begins redemption process by submitting request during redemption window

• TEX then redeems the Debt.D or Equity.E token from the investor

• Closure period begins. Once complete, TEX exchanges RWA with institutional partner for $USD

• TEX then converts $USD to $USDC

• $USDC is issued to investor. Corresponding Debt.D or Equity.E tokens are burned