# IP RWA

## What is IP RWA?

IP RWA is a **type of ERC-20 compliant token**. It stands for **Intellectual Property Real World Assets**. IP RWA is a type of token, not a token itself.

## Function

IP RWA allows ownership of IP rights to be divided among multiple holders. In the case of $APL, each token represents the ability to claim future royalty revenue generated by the underlying IP assets.

## Technical Implementation

In the case of $APL, the IP RWA token was created after a fundraise. The total supply of $APL the vault created is a set value, determined during the fundraise.

## Distribution

In the case of $APL, the IP RWA was allocated proportionally to fundraiser participants based on the amount of stablecoins they contributed to the Stakestone LiquidityPad vault. The amount of $APL each user was able to claim was determined by the formula `(userDeposit / totalDeposit * totalSupply)` .

## Properties

In the case of $APL, the IP RWA tokens are transferable, can be staked to earn revenue based on potential royalties, and are backed by IP rights acquired by Aria Management Company (associated with Aria Protocol Labs Inc.)

<br>


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.ariaprotocol.xyz/ip-rwa-tokens/iprwa.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.