Soneium opens ipUSD and IP Vault on Oct 28 in the morning UTC via ipUSD.xyz, as announced by Soneium and detailed in its blog.

Soneium opens ipUSD and IP Vault on Oct 28 in the morning UTC via ipUSD.xyz, as announced by Soneium and detailed in its blog.

ipUSD is Soneium's dollar stablecoin for entering and exiting the Vault. You get it 1:1 with USDSC or USDC.e and can convert back at any time, backed by Startale USD reserves, swappable in Startale App from launch according to the announcement.

IP Vault holds a tokenized position in Partners Group's evergreen royalties fund plus an ipUSD reserve for withdrawals. The fund snapshot cited is $549M, 53-54 investments and 100,000+ royalty streams including The Weeknd back catalogue, Warner Bros. Discovery film and TV music and South Park, plus pharma, gas and carbon. Tokenization is by Asseto, backed by HashKey Group. Target is 7-9% p.a., for reference the site cites +7.1% annualized since June 2025, with principal loss possible and no guarantee.

How it works: get ipUSD, deposit min 100 ipUSD into the Vault, deposits queue and settle in monthly rounds in order of arrival, then claim sIPUSD vault shares. Share count stays flat, Share Value updates monthly from the fund report. First inclusion cited around Nov 2, cancellable before settlement, with standard and instant withdrawals subject to liquidity and fund settlement.

Who is eligible: the sources say IP Vault gives exposure to "eligible users" but do not publish the eligibility list, regions or KYC minimums in the material read. Treat as gated until the Portal terms go live Oct 28.