Aria

Aria Protocol is a pioneering blockchain platform that tokenizes intellectual property (IP) rights into fungible real-world assets (IPRWA), enabling investors to gain exposure to royalty streams from iconic music catalogs. Built on the Story Protocol network, Aria acquires partial rights to high-performing songs, packaging them into $APL tokens, an ERC-20 asset backed by a portfolio of 48 tracks from artists like Justin Bieber, BlackPink, and BTS. For example, holders stake $APL to receive $stAPL, a yield-bearing token that accrues value from revenues like digital streaming (89% from publishing copyrights), synchronization, mechanical, and public performance royalties. The protocol is on a hit-focused strategy, where the top 10 songs account for 87% of royalties. Geographically, APAC (53%) and North America (31%) dominate, with pop (54%) and K-pop (46%) genres leading. The protocol’s buyback mechanism distributes royalties weekly, enhancing $stAPL’s exchangeability for more $APL over time.