TIX is a DeFi settlement layer for the live events industry that tokenizes tickets as onchain real-world assets to enable upfront venue financing and transparent settlement. The protocol addresses traditional credit-debt models by allowing venues to access capital from multiple liquidity providers without exclusivity requirements, while artists can sell tickets directly and fans benefit from lower fees and verified resale policies. Founded by Ticketmaster and Buildspace veterans, TIX operates as the underlying infrastructure for KYD Labs, a consumer-facing ticketing platform.