Basic Information
Project Name: Invnex
Project Track:
Pay-defi - USYT, the premier yield-bearing stable token driving the evolution of onchain payments and cash management.
Depin-RWA - Invnex operates TIC Primary Markets and the Invnex Exchange to deliver unprecedented access to institutional grade private equity and fixed income.
Team Name: Invnex
Team Members: There are 5 team members with extensive backgrounds in institutional capital such as Blackstone, BNP Paribas as well as in digital assets having worked with central banks and commercial banks. The team is uniquely positioned to deliver Invnex at a grand scale as they understand the complexities of both defi and tradfi.
- Shafiq Amiri (CEO) @Invnex
- Guillem Soler Suetta (CTO)
- Alex Nguyen (full stack developer)
- Martin Chukwuneme (Blockchain engineer)
- Zena Moafy (CFO)
Social Info
Telegram: @March_4
X (Twitter): %@amiri_dlt / Invnex (@InvnexCo) / X](https://x.com/InvnexCo)
Website: https://invnex.com/
Project Overview
Project Goal:
Invnex is an RWA platform unlocking seamless integration of traditional finance with decentralized finance, providing an end-to-end ecosystem connecting liquidity with different asset classes.
With traditional finance increasingly developing onchain, Invnex provides a powerful infrastructure to drive the future of the $13 trillion alternatives market and the $130 trillion fixed income market. Recently, Invnex was selected by Startup Wise Guys VC.
The 3 core pillars of Invnex are:
- Primary Markets: A platform to access the highest-grade private investment opportunities directly in the issuance phase of the asset.
- Invnex Exchange: A 24/7 available secondary market which is creating a pathway to early liquidity and serving as multi-purpose solution powering the Collateral Trading Network for institutions.
- USYT: A yield-bearing stable token backed by United States Treasury securities and similar low-risk assets, offering the USYT holder relatively risk-free returns. USYT drives cash and treasury management solutions of Invnex.
Unique Value Proposition:
Bridging traditional finance products with Tron by bringing institutional-grade products such as corporate bonds, sovereign bonds, private equity, private credit, commodities and other alternative asset classes on the Tron blockchain. Delivering ultra-secure yield starting from 3.8% to USYT holders.
Invnex delivers immense benefits to the ecosystem. Designed for both individuals and institutional use, including for foundations, financial institutions and corporate. Invnex offerings carry a multitude of cash and investment strategies, including professionally managed funds, ranging from 2.3-26% annual yield for cash and stablecoin holdings.
Implementation: Provide access to USYT yield-bearing token backed by short-term US T-bills, and direct onchain asset issuance.
Ecosystem development
Attracting Web2 and Web3 users to Tron through interacting with Invnex onchain products.
Uniqueness Factor
- Invnex achieves high liquidity in the historically illiquid private markets via our proprietary market making approach.
- The Invnex product suite democratizes access to asset classes that were traditionally reserved for the ultra-wealthy, unlocking multi-trillion-dollar markets to the masses.
- Invnex team comes from backgrounds with institutional capital, startups and consulting.
Project Demo: Please check our website and sign up.
Expected Completion Date for 2025: Expected to be completed by late April or early May 2025.
Current Progress (%): 90%
Technical & Governance Details
Project Test Instructions: If minting USYT, please follow the steps below:
- Go to the Invnex website
- Connect wallet and ensure you have USDt or USDC
- Input the amount of USYT you’d like to mint.
- Click submit.
To utilize the Invnex primary markets to access institutional-grade fixed income and alternative investments such as private equity, follow the steps below:
- Open an account through the Invnex website.
- Fund your account with USDt/USDC or by making a bank transfer.
- Select your preferred investment from a range of asset classes and yield options.
- Input your investment amount and submit.
- Receive asset tokens.
Technical Details: An integration of an oracle will be in place where the token price will be updated by the fund administrator of the underlying assets. Smart contracts for minting, redeeming and conversion.
Smart Contract Links: Not deployed yet. Test ongoing. (EToken (ETK) Token Tracker | Etherscan)
How is the Project Governed?: USYT and all Invnex products are developed and governed centrally by the Invnex operating company.
Funding & Business Model
Funding Request: Invnex is requesting $600,000 in total with a portion of it already in commitment from venture capital firms.
Funding Breakdown for 18 months: $300,000 to be allocated for security audits, expanding sales funnel, team and marketing. Additional $300,000 will be used to mint USYT and acts as the reserve buffer during OPEX expenses.
Revenue Model:
- For USYT: generates revenue on the yield of the asset. To illustrate, with a $25 million market cap on USYT earning 6% APY (= $1.5 million), Invnex earns 15% of the yield generated and the remainder is transferred to the USYT holder.
- For Invnex Exchange: generates revenue on each transaction.
- For Invnex Primary Markets: generates revenue on minting assets and on the yield of the assets.
Interested in TRON Having a Stake?: Yes. TRON can earn 4% risk-free returns by minting USYT for passive treasury management, and up to 26% returns through active treasury management on Invnex by selecting from any range of fixed income or alternative assets. TRON may also have an equity interest through our current fund raise program.
Preferred Collaboration Method: We equally value TRON considering the following:
- Providing a grant which allows us to expand our work.
- Minting USYT to earn risk-free returns, as well as becoming a lending partner on Invnex to actively manage treasury.
- A mix of a grant and minting USYT.
Ecosystem Impact
Partnerships: We have the following partnerships in place.
- BankWyse, a chartered US bank.
- Port Manat, a top fintech in Azerbaijan.
- Startup Wise Guys, a leading European VC.
Time on TRON: We are launching on TRON after concluding security audit from testnet, targeting late April/early May.
Project Milestones
Project Milestones: We are targeting a $45 million AUM/ market cap across USYT and all Invnex assets by end of year 1. The initial milestones are as follows:
- $3 million in USYT market cap in the first quarter.
- $2 million in direct lending/bond issuance with 10% APY in the first quarter.
- Partnership with 1 additional bank to expand liquidity.
Project in 5 Years: Invnex aims to become the leading money market platform in the Web 3 ecosystem where users are actively managing their treasuries with a wide range of asset classes. USYT will surpass $3 billion market cap and is the premier defi mechanism driving risk-free yield and cross-border institutional payment infrastructure.
Conclusion
Invnex aims to expand access to institutional-grade finance on Tron to highlight the next-generation of onchain money, delivering up to 26% yield across asset classes, from secure to opportunistic. TBL’s support of Invnex will contribute to the acceleration of global stable coin and RWA offerings while maintaining Tron’s position as the infrastructure of choice for money markets. Invnex’s USYT is set to become the premier yield-bearing stable token, taking yield from the issuer and giving it to the holder.
