Digital credit protocol Apyx said on September 23 that it will delay the APYX governance token TGE beyond the originally planned October 13, 2026 date, when rewards were set to be distributed to Season 1 and Season 2 participants. According to ChainCatcher, the delay was attributed to a deeper and longer drawdown in its core reserve asset STRC, as well as interest from multiple institutions seeking to bring their assets onchain using Apyx infrastructure.

The protocol said the extra time will be used to strengthen the core system and build Version 1 of a broader RWA platform before the TGE. Digital credit will remain the reserve anchor and the yield source for apyUSD, while custody, proof, onchain NAV, redemption, and compliance infrastructure will be opened to other issuers and asset types. Apyx also said aptUSD, a zero-fee, instant-redemption, Treasury-backed asset, is already live as the ecosystem’s first asset not derived from digital credit.

Apyx said Pips will continue, and Season 2 will no longer end on the originally planned October 11 date. Accrual under existing multipliers will continue without interruption, and positions in holdings, commitments, Curve and Pendle, and lending do not require any action to keep earning points. Because the accrual period will be longer, the Season 2 airdrop allocation has been increased from 6% to 9% of total supply. The new end date will be confirmed together with the new TGE date, and the season will not end without prior notice. Season 1 and Season 2 allocations will remain fully unlocked at TGE.