IPX Exchange closes $4M seed round at $125M valuation

IPX, a tokenized exchange for intellectual property built on Base, has closed a $4 million seed round at a $125 million valuation. Bitsurge Holdings led the round. YICIPX Holdings Family Office also participated. What IPX is actually building IPX describes itself as an agentic operating system and tokenized exchange for intellectual property. The platform tokenizes IP assets on-chain, allowing fractional ownership. Those tokens can then trade on a secondary market powered by bonding curves and liquidity pools. A bonding curve is a pricing formula baked into code. As more people buy a token, its price rises along a set path, and as people sell, it falls. That lets trading happen without waiting for a matching buyer on the other side. Settlement runs in USDC, the dollar-pegged stablecoin. The platform also has its own utility token, IPX, which sits alongside USDC in its liquidity pools and token swaps. Revenue distributions are designed to flow on-chain in real time. So if a tokenized asset earns money, holders are meant to see their share without waiting for a quarterly royalty statement. IPX also leans heavily on AI. The company uses AI agents for creator services, aimed at helping...