#termmax @TermMax Looking at TermMax’s fixed-rate tokenization docs, the FT is built as a pure zero-coupon claim. Buy it at a discount. Redeem the full face value of the debt token only at a hard maturity. Nothing floats after that point.
That single design is what lets $TMX markets accept tokenized stocks or other RWA collateral without the rate chasing utilization every block. The discount and the maturity sit public and fixed on-chain. TermMax, $TM, @TermMax
What changed for me was the contrast. A fixed-term claim can be completely transparent by construction. Regulated RWA workflows of the kind documented around still need selective disclosure and eligibility controls. The rate stays locked in public view. The position itself may not.
Still need to watch how an FT redemption would clear if the collateral carried the transfer restrictions and selective disclosure that those regulated workflows require.
That single design is what lets $TMX markets accept tokenized stocks or other RWA collateral without the rate chasing utilization every block. The discount and the maturity sit public and fixed on-chain. TermMax, $TM, @TermMax
What changed for me was the contrast. A fixed-term claim can be completely transparent by construction. Regulated RWA workflows of the kind documented around still need selective disclosure and eligibility controls. The rate stays locked in public view. The position itself may not.
Still need to watch how an FT redemption would clear if the collateral carried the transfer restrictions and selective disclosure that those regulated workflows require.