The Testnet for STO Swaps Is Live!

The Testnet for STO Swaps Is Live!

We are pleased to announce that you can now access the IX Swap testnet (Playground) for STO Swaps!

To participate in the testnet, you will have to access through a wallet that can enable the Kovan network. You can review the guide below for a full walkthrough of the testnet.

Please note that the following functions below are not available on the current version of the testnet but are scheduled for launch in Q1 of 2022:

The testnet is for STO Swaps in general, and the play assets we created such as Tesla are just dummy tokens to experiment with and does not have any relation to the first assets that will be listed on the platform. The first type of assets that will be released are assets from the private market as stated in our roadmap.

To get Ethereum on the Kovan network:

  1. ​​Go to
  2. Sign in with a GitHub account.
  3. Input your ETH address and click “Send me KETH!”

Note that there are multiple ways to get ETH on the Kovan network. If this method does not work, you can Google “Get Ethereum on the Kovan network” to find another guide.

Playground on Kovan

The Playground is now available for all users to test the application on Kovan.

To access it:

  1. Go to
  2. Switch to Kovan network.
  3. If you see the welcome message or the UI is not hidden – you’re in.

Get Tokens on Our Faucet Page

In order to test the full user path in our application, you will need to have security tokens in your MetaMask wallet.

To get some tokens that you can use for testing, you can go to our faucet page and claim the tokens we have made available for this. We’ve released three fake security tokens especially for our Playground testing:

  • AAPL – Apple
  • TSLA – Tesla
  • COIN – Coinbase

Similarly, you can claim some stablecoins in case you want to test the flow with crypto.

Note that in order to receive the test tokens, you will need to pay for gas with ETH on the Kovan Network. There are links on the top of this page where you can get Kovan ETH.

Please note that our faucet provides 10 security tokens and 100 stablecoins per hour for the same wallet address.

Get Accredited for Security Token Usage

The next step is getting accredited to use the security token.  To do this, choose which security token you want to use (or you already have) from the list. Please note that this step is directly related to your KYC accreditation and requirements for each individual security token.

Choose the token that you have in your wallet and request accreditation. You need to get accredited first in order to trade security tokens.

Press Pass KYC and Accreditation, choose Broker-Dealer (one who will approve all your swap transactions with security tokens) and Custodian (one who will keep you real security tokens in safety) and proceed with your choice.

After that, we’ll check your identity and KYC status with the chosen pair of Broker-Dealer and Custodian.

Please note that the process of 2-step verification might take up to three days in normal circumstances.

However, for the purposes of the Playground testing, everything will be approved automatically in seconds. The page will refresh and you will get your approved Vault with the custodians.

Depositing Your Security Tokens

The next step is depositing your security tokens for safe custody to a licensed third-party service. The custodians will receive your assets for safekeeping in return for wrapped tokens. For example, if you deposit 10 TSLA tokens, you’ll get 10 wTSLA in return in your MetaMask. Wrapped tokens are exactly what you can use to create liquidity pools and trade.

Here’s how you can deposit your security tokens:

  1. Create a deposit request.
  2. Send the specified amount of tokens from your Metamask to the custodian address displayed on the screen. Please remember that it only works on Kovan.
  3. Check the status of your deposit request and wait for it to finish. It may take up to 3 minutes.
  4. Once the deposit is finished, you will see the “Approved” status and the deposited amount of tokens displayed.

Check your Metamask now as you should have wrapped tokens sent to you automatically. If you don’t see them in the list, you will need to add them by clicking the “Add to Metamask” button on the page.

Liquidity Pools and Swap

Once you have your wrapped tokens, you can add and use them on any of our liquidity pools.

Once done, your accredited tokens are now available for use. On the list, you can also see other security tokens that are not available.

Note: The green “M” icon tells you that this pool is created with Risk Mitigation enabled.

With all of that done, you can now swap or trade tokens. For example, you can buy more security tokens if there is a liquidity pool for that pair.

When you are creating a transaction with security tokens involved, you’ll need approval from the Broker-Dealer. You’ll be redirected to its website to get confirmation and sent back automatically.

After the confirmation and swapping are completed, you’ll get your tokens on MetaMask. In our example, we bought wTSLA tokens, which we can see on our MetaMask wallet or on our TSLA Token Vault page.


When you want to get your security tokens back from the Custodian, all you need to do is withdraw them on the Vault page.

Charts aka Info Pools

We’ve created a special page based on the Subgraph service, which displays all pools created on  IX Swap with crypto and/or security tokens. You can check out the page to see their detailed info, transactions, etc.

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About IX Swap

IX Swap is the “Uniswap” for STOs and TSOs, the regulatory and liquidity solution for security tokens and tokenized stocks.

IX Swap will be the FIRST platform to provide liquidity pools and automated market-making functions for the STO/TSO industry. The platform will facilitate the trading of security tokens through licensed custodians and security brokers which will provide actual ownership and claim over these real-world assets.

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