TIX is developing a DeFi-based settlement layer for live events, using onchain tickets to unlock venue financing and simplify payouts.
TIX, a settlement layer for the live-events industry, has emerged from stealth to apply decentralized finance (DeFi) lending and onchain settlement to a sector that has long functioned like a private credit market.
To date, the TIX network has facilitated over $8 million in ticket sales and generated approximately $2 million in venue financing. The activity has been conducted through KYD Labs, with TIX expected to launch on the Solana mainnet by mid-2026, the company told Cointelegraph.
TIX, led by Ticketmaster and Buildspace veterans, serves as the underlying settlement and financing layer for KYD Labs, a consumer-facing ticketing platform that raised $7 million in a funding round led by venture firm a16z.
