Staked IPUSD

Soneium announced IP Vault with Asseto on 27 October 2026, with opening scheduled for 28 October. The announcement described a $549 million underlying royalties fund; this figure is the fund's size as reported at launch, not the amount deposited in IP Vault.

Asseto provides the tokenised exposure to Partners Group Diversified Royalties Opportunities Evergreen, a fund launched in 2025 and managed by Partners Group. The vault holds an interest in that fund, whose investments span entertainment, media and other royalty opportunities. Investors hold vault shares rather than directly owning individual songs, films or patents. The underlying fund documentation states that Partners Group is not affiliated with ipUSD or IP Vault and does not endorse them. Published historical fund and strategy returns are separate from this new vault's performance; its advertised 5–9% annual target is an estimate.

The vault runs on Soneium, the Ethereum network developed by Sony Block Solutions Labs, a joint venture of Sony Group and Startale. This identifies the organisations behind the network, rather than a guarantee of the vault's investments.

Users subscribe with ipUSD and receive sIPUSD investment shares after settlement. Returns and losses are reflected in the value of each share. Holding the ipUSD stablecoin alone does not earn the vault's royalty returns. See the product overview.

The withdrawal documentation describes instant withdrawals with a 5% protocol fee, subject to available capacity. Standard withdrawals have no guaranteed settlement date and wait in a queue without a protocol withdrawal fee. When the vault needs proceeds from the underlying fund, the wait can extend to several months; the documentation gives an example of approximately six months. The share value can change while waiting.

IP Vault is still under verification. At Soneium block 29,979,401 on 27 October 2026, the live administrative delay was three minutes, while the contract disclosures stated three days. The administrator can change this delay, as shown in the deployed timelock. Valuations can reuse older fund prices and include assets awaiting settlement. Governance, valuation and withdrawal arrangements remain under review; these observations precede the announced opening.