Transak, the leading Web3 payments infrastructure provider, has integrated with Story, a purpose-built Layer 1 blockchain designed to tokenize intellectual property into programmable digital assets. Transak will serve as the first fiat-to-crypto on-ramp for Story Network, making it easier than ever for users to onboard and participate in the Story ecosystem.
As part of this collaboration, Transak will also add support for $IP, the native token of Story Netowork, enabling seamless purchases directly with fiat currencies like USD, EUR, GBP, and more. This integration is a key milestone in simplifying user onboarding and ensuring a smooth entry into the world of decentralized IP management and creative content ownership.
"The future of finance goes beyond money. It includes ownership of ideas, creativity, and identity. Tokenized assets are the next frontier. Our partnership with Story will empower a new generation of creators to protect and control their work with the simplicity and security they deserve,” said Sami Start, Co-Founder & CEO at Transak.
Intellectual property (IP) is the foundation of artificial intelligence (AI) and the most critical asset class of the 21st century. Valued at $61 trillion, it includes training data, scientific discoveries, brands, and creative works.
Yet, AI is undermining traditional IP systems, which can’t keep pace with generative AI’s scale. Centralized intermediaries make licensing opaque and inefficient, leaving IP owners uncompensated while AI companies struggle with millions of agreements. This zero-sum struggle makes the marketplace of ideas illiquid.
Story introduces a new framework: a peer-to-peer IP network that transforms IP into a programmable asset, enabling seamless exchange, ownership, and monetization across AI and the internet. $IP will be central to Story’s ecosystem.
To offer perspective, AI produced the same number of images in 1.5 years as photography did in 150 years. This acceleration in content creation will only intensify as more creators and newer tools hit the market. Without a reliable infrastructure for tracking and protecting intellectual property, creative works can easily get lost in a sea of content.
Transak recognizes the transformative potential of tokenized assets in this new era. By integrating with Story, Transak will also be supporting the broader movement toward true custody-oriented financial freedom that extends beyond money and into the arena of creative ownership, digital assets, and intellectual property rights.
Jason Zhao, Co-Founder and Chief Protocol Officer at PIP Labs, Story’s initial core contributor commented on the news: “From day one, it’s critical that users have a seamless onboarding experience, and robust on-ramp solutions are essential to that goal. We’re thrilled to have Transak live as a state-of-the-art fiat on and off-ramp from the start, ensuring that anyone can easily access and participate in the Storyecosystem
Through this integration, projects building on Storywill have access to Transak’s powerful user onboarding solutions. Consequently, these projects can ensure their users can easily purchase the IP token and join the ecosystem without going through a steep learning curve.
Transak stands tall in reducing the barriers to blockchain adoption. With support for hundreds of countries through multiple payment methods like Google Pay, Apple Pay, credit cards, debit cards, and local bank transfers, Transak is the most comprehensive on-ramp solution in the market for this ecosystem.
For new projects building in the Story ecosystem, Transak provides the following:
- Seamless user onboarding: Users can start with fiat and receive Story Blockchain’s IP tokens in their wallets instantly.
- Localized payment options: Offering regional payment solutions to meet the diverse needs of global users.
- Developer-friendly tools: Projects building on Story can integrate Transak’s APIs and SDKs to enhance their onboarding experience.
Together, Transak and Story will enable millions of creators worldwide to tokenize their work and take full custody of their creative assets.
About Transak
Transak is the world's most compliant and largest web3 payments infrastructure provider, serving over 8.3 million users across 160+ countries. It powers 350+ platforms, facilitating the purchase and sale of digital assets with its API-driven fiat-crypto on/off-ramp, NFT checkout, and other solutions that simplify KYC, compliance, payment methods, and customer support.
Headquartered in Miami, US, and incorporated in Delaware, Transak has a tech hub in Bengaluru and offices in London, Milan, Dubai, and Hong Kong.
For more information, visit transak.com or follow us on x.com/transak and linkedin.com/company/transak
About the World’s IP Blockchain
Story is a purpose-built Layer 1 blockchain designed to tokenize intellectual property into programmable digital assets. By empowering IP holders to tokenize, protect, share, and monetize their ideas, Story creates a secure foundation for AI-driven innovation and decentralized collaboration. As the engine behind IP’s evolution into a critical asset class, Story bridges the gap between blockchain technology and the intelligence economy. Learn more at https://www.story.foundation/