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About Paimon Finance
Paimon Finance is a DeFi platform deployed on BSC that brings traditional private market assets on-chain. Its core business includes two live products: the Prime Vault, an ERC-4626 fund that pools user deposits into a tiered portfolio of cash, money market instruments, and longer-duration real-world assets, with standard and emergency redemption channels; and Pre-IPO SPV Tokens, which use a dual-token structure (pSPCX for KYC-compliant institutional holders, xSPCX as a freely transferable ERC-20 for DeFi users) linked by a bridge that maintains a fixed conversion ratio. The platform also operates a Launchpad for tokenized asset issuance, a points system for user engagement, and soulbound badges for participation achievements.
The key differentiator is its two-token compliance design: instead of forcing a single token to serve both regulatory and DeFi needs, it separates the compliant security token from the DeFi-facing mirror token, allowing institutional settlement and retail liquidity to coexist. The tiered vault structure also addresses the liquidity mismatch inherent in RWA investing by offering faster redemption at a fee.
The market pain point Paimon addresses is the structural dilemma in tokenized alternative assets: existing solutions either sacrifice liquidity for compliance (assets are on-chain but secondary trading is dead) or sacrifice security for instant exit (no legal claim under stress). Paimon's design attempts to resolve this by separating the compliance layer from the liquidity layer.
In the past six months (March to September 2026), Paimon executed its first production launchpad drop: the xSPCX SpaceX SPV token sale in April 2026, with 30,600 tokens sold for a $200,000 USDT raise at a base price of $6.93, using MerkleClaim settlement. The platform's documentation also notes that several planned features (Tranche Vault, PAIMON token, DEX, Protection Band) are Phase 2 concepts not yet deployed, and that operational contracts are managed under multisig and timelock governance.
Paimon Finance launched on BNB Chain with two live product lines: Paimon Prime Vault (PP), an ERC-4626 RWA fund, and pre-IPO SPV tokens, starting with a SpaceX SPV (xSPCX/pSPCX) issued via a four-layer points-gated drop in April 2026. The protocol built shared infrastructure including LaunchpadDrop V4, PointsHubV2, soulbound badges, and a compliance layer combining EIP-3643, ShadowERC20, TokenBridge, and KYCAggregator. In a significant expansion, Paimon announced Stockpad, enabling discounted US stock purchases (up to 30% off) through institutional partnerships, bridging traditional finance and DeFi. These milestones mark Paimon's evolution from an RWA fund issuer to a broader tokenization platform for private equity and public equities, with a scalable architecture designed for additional assets.
Paimon Finance (BSC-based RWA protocol) has made key progress in the past six months (2026-03-04 to 2026-09-04):
In April 2026, the first production drop of xSPCX (SpaceX SPV V4) was completed, with a $200K raise across 4 pricing layers ($2.75-$6.93) and 30,600 tokens issued via MerkleClaim settlement.
The core infrastructure is fully live: LaunchpadDrop V4 (points-and-USDT dual gate, refund window), PointsHubV2 (PPT staking 1x-2x boost), PaimonBadge (soulbound NFTs), and the EIP-3643 + ShadowERC20 + TokenBridge compliance stack for pSPCX/xSPCX.
Roadmap priorities:
- M3 (In Progress): Multi-asset expansion — onboarding additional pre-IPO SPVs (e.g., Anthropic) on the existing EIP-3643 + Bridge architecture, plus more KYC providers.
- M4-M9 (Planned): Retail KYC self-service, Tranche Vault (sPP/jPP senior-junior split), Paimon DEX with PP/xSPCX liquidity, PAIMON/vePAIMON/esPAIMON tokenomics with gauge/bribe markets, automated Protection Band (TWAP-based ±15% suspension), and cross-chain expansion (Ethereum, Arbitrum, Base via LayerZero).
Note: Phase 2 items (Tranche Vault, PAIMON, DEX, Protection Band automation) are design-only, not deployed.
Guyan Liu, Co-founder of Paimon Finance. Former portfolio manager at UBS and independent hedge fund manager. Over 15 years of Wall Street experience, managing assets exceeding $10 billion. Education: M.S. in Management Science and Engineering from Columbia University; B.S. in Computer Science and Economics from Shanghai Jiao Tong University. Also holds CFA and CAIA charters.