Splyce is designed to solve two problems in tokenization: distribution and utility.
To do that, it sits between institutional asset issuers and DeFi, acting as the onchain layer that makes real-world assets accessible and usable.
At a high level, Splyce works in four steps.
Step 1: Institutional assets originate offchain
Splyce does not originate, manage, or underwrite real-world assets.
Instead, Splyce partners with established institutional issuers and asset managers that already operate in traditional markets. These partners manage real, cash-flowing assets such as private credit and real estate debt funds.
These assets already generate yield through normal economic activity.
Before Splyce touches them, they are structured and tokenized by the issuer within their existing regulatory framework.
Step 2: Assets are made available to Splyce
Once assets are tokenized, Splyce integrates them as underlying yield sources.
Splyce’s role is not to change the asset itself, but to make it usable onchain.
This is where distribution and utility begin.
Instead of assets sitting in isolated platforms or gated environments, Splyce prepares them for permissionless access and DeFi integration.
Step 3: Splyce issues DeFi-native S-Tokens
Splyce packages access to these assets into DeFi-native tokens, called S-Tokens.
S-Tokens represent exposure to the underlying yield and are designed to behave like any other onchain asset.
They are:
- Permissionless
- Liquid
- Tradable on DEXs
- Composable across DeFi
- Designed to be collateral-ready
Users do not interact with offchain structures or issuers directly. They interact with S-Tokens.
This abstraction keeps the experience simple while preserving the integrity of the underlying assets.
Step 4: Users access Splyce products
Users can access Splyce products in two ways.
They can deposit stablecoins to mint an S-Token directly, or they can acquire S-Tokens on secondary markets through supported DEXs.
Once held, S-Tokens accrue yield based on the cash flows of the underlying assets.
Users can:
- Hold them to earn yield
- Trade them freely
- Use them across DeFi protocols
- Integrate them into more complex strategies
The same exposure and the same yield applies regardless of how the S-Token is acquired.
How portfolios work
In addition to single-asset yield products, Splyce also offers onchain portfolios.
These portfolios package diversified exposure into a single token, often referred to as decentralized ETFs.
Each portfolio combines multiple assets or strategies into one onchain product, allowing users to gain broad exposure with a single trade.
This simplifies investing while maintaining full composability across DeFi.