How The.Exchange works

Fees

Every fee is charged in cash, never in the platform's own tokens, and always on a number that is hard to argue with: what an offering actually raised, what an independent appraiser last said, what a tenant actually paid. Asset-level fees are charged on the asset, never on the platform token, whose treasury pays only its share as a holder like everyone else.

Listing fee2% / 5%Of what the offering actually raises: 2% for income-grade listings, 5% for venture-grade. Success-only, netted at closing. A listing that never sells never pays.

Administration fee0.6% / yearOn the latest independent appraisal, income-grade listings only, stepping down to 0.4% at scale. It funds the valuer panel, the register, and compliance. A venture-grade listing pays none: an unreleased work has no credible yearly appraisal.

Trading fee0.10% per fillBuyer side only, capped at $25 per account per day, and zero above the cap. Posting an offer is always free, and the platform may declare published fee holidays. The fee is never the reason a trade does not happen.

The asset management fee

Someone real runs every asset: a property manager lets the building, a producer delivers the film, an educator runs the school. Their fee is set per listing at admission, within the published band for its class, printed on the listing card, and immutable once trading starts. It is shared between the operating manager and the platform, and charged only on income actually collected.

Asset class	Typical band	Why the band sits there
Gold in custody	0.3% - 0.5% / year of value	The manager only stores and insures; there is no income to manage.
Rented real estate	8% - 12% of collected rent	The property manager lets, collects, and maintains; the platform's share covers reconciliation and distribution.
Royalty catalogs	10% - 15% of collected royalties	The administrator tracks usage and collects across platforms and territories.
Operator-led assets (a school, a hotel)	15% - 40% of collected income	The manager is the operator: the educator runs the school, the operator runs the hotel. The fee is the operating economics of the asset, not an add-on.
Film and music in production	Producer tranche + 15% of receipts	No yearly fee while nothing flows. The producer's share may be taken as a disclosed tranche of the asset's fixed supply, vesting as the work is delivered; the platform's share pays for the recoupment audit and distribution.

All recurring fees on an asset are capped, together, at a quarter of any period's distribution; anything above the cap defers and is never invoiced. Rates shown are working conventions pending commercial review, and each listing's exact schedule is printed on its card before any unit is offered.

Where the platform's fees go: they are split between the operating company and the TEX treasury on a staged schedule, from 80/20 at launch to 50/50 at scale, and the treasury pays the operating company a management fee of 1% per year on treasury value. That fee share is where TEX's claim on the platform's growth comes from.

Risk disclosure. Tokenized real-world assets carry risk, including loss of principal. Nothing here is investment advice or an offer to buy or sell securities. Markets may be restricted by jurisdiction and to verified investors.